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Penn Virginia (PVA -1.6%) agrees to sell all its Appalachian assets excluding the Marcellus...
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Tuesday, July 17, 2012, 10:26 AM ETPenn Virginia (PVA -1.6%) agrees to sell all its Appalachian assets excluding the Marcellus Shale to an undisclosed buyer for $100M in cash. PVA says the deal will reduce its debt, improve its liquidity and fund further investment in its Eagle Ford Shale play. The sale will reduce PVA's production by ~2.9B cubic feet of natural gas equivalent this year.
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