Penn Virginia buys Crow Creek Holding

By OGJ editors
HOUSTON, June 14 -- Penn Virginia Corp., Radnor, Pa., on June 13 closed its $71.5 million acquisition of Crow Creek Holding Corp., a private Tulsa company formerly held by Natural Gas Partners, Dallas.

Crow Creek has operations primarily in the Oklahoma portions of the Arkoma and Anadarko basins. As of the transaction's effective date of Apr. 1, Penn Virginia estimates Crow Creek had net proved reserves of 42.7 bcf of gas equivalent, about 85% of which is gas.

Of the reserves, 61% of the estimated proved reserves are proved developed. About 33% of the proved reserves are coal bed methane associated with Hartshorne coal seams in the Arkoma basin. Crow Creek's net production is 6.2 MMcfd.

Related Articles

Penn Virginia appoints chief operating officer

12/17/2013 Penn Virginia Corp.’s board has named John A. Brooks as executive vice-president and chief operating officer, effective Jan. 1, 2014. Brooks curren...

Penn Virginia to sell Eagle Ford midstream assets

12/16/2013 Penn Virginia Corp. has entered into a definitive agreement to sell its Eagle Ford shale natural gas midstream assets to a newly formed affiliate o...

Appalachian Marcellus, deeper zones eyed

08/20/2008 Zone Oil & Gas signed an exploration and geophysical JV deal with Penn Virginia to explore the Devonian Marcellus shale and Oriskany sandstone and ...

More operators probe Haynesville gas shale

06/06/2008 More operators are wading into the Jurassic Haynesville shale gas play in Northwest Louisiana and East Texas since Chesapeake Energy called the pot...

Penn Virginia presses Appalachian horizontal coalbed methane work

07/28/2004 Penn Virginia Corp., Radnor, Pa., said it controls 650,000 acres of prospective horizontal coalbed methane leasehold in the Appalachian basin.

New Zealand

12/01/2003 The Energy Ministry plans to announce successful bids in January 2004 from among 23 bids received for 17 blocks offered in the offshore/onshore Tar...

Southern San Juan venture targets Menefee coal gas

10/06/2003 Two Dallas area independents joined to explore and develop coalbed methane and conventional formations in the southern San Juan basin in west-centr...

US company second quarter, first half earnings dwindle

09/02/2002 Lower oil and gas prices coupled with weak refining margins to shrink the earnings of many US oil and gas companies during the second quarter. Oil ...

Area Drilling

08/19/2002 Aviva Petroleum Inc., Dallas, plans to spud an exploratory well in the Putumayo basin in fourth quarter 2002.
White Papers

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...

Accurate Thermo-Fluid Simulation in Real Time Environments

The crux of any task undertaken in System Level Thermo-Fluid Analysis is striking a balance between ti...

6 ways for Energy, Chemical and Oil and Gas Companies to Avert the Impending Workforce Crisis

As many as half of the skilled workers in energy, chemical and oil & gas industries are quickly he...
Sponsored by
Available Webcasts

On Demand

Global LNG: Adjusting to New Realities

Fri, Mar 20, 2015

Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

register:WEBCAST


US Midstream at a Crossroads

Fri, Mar 6, 2015

Oil & Gas Journal’s Mar. 6, 2015, webcast will focus on US midstream companies at an inflection point in their development in response to more than 6 years shale oil and gas production growth. Major infrastructure—gas plants, gathering systems, and takeaway pipelines—have been built. Major fractionation hubs have expanded. Given the radically changed pricing environment since mid-2014, where do processors go from here? What is the fate of large projects caught in mid-development? How to producers and processors cooperate to ensure a sustainable and profitable future? This event will serve to set the discussion table for the annual GPA Convention in San Antonio, Apr. 13-16, 2015.

This event is sponsored by Leidos Engineering.

register:WEBCAST


The Future of US Refining

Fri, Feb 6, 2015

Oil & Gas Journal’s Feb. 6, 2015, webcast will focus on the future of US refining as various forces this year conspire to pull the industry in different directions. Lower oil prices generally reduce feedstock costs, but they have also lowered refiners’ returns, as 2015 begins with refined products priced at lows not seen in years. If lower per-barrel crude prices dampen production of lighter crudes among shale plays, what will happen to refiners’ plans to export more barrels of lighter crudes? And as always, refiners will be affected by government regulations, particularly those that suppress demand, increase costs, or limit access to markets or supply.

register:WEBCAST


Oil & Gas Journal’s Forecast & Review/Worldwide Pipeline Construction 2015

Fri, Jan 30, 2015

The  Forecast & Review/Worldwide Pipeline Construction 2015 Webcast will address Oil & Gas Journal’s outlooks for the oil market and pipeline construction in a year of turbulence. Based on two annual special reports, the webcast will be presented by OGJ Editor Bob Tippee and OGJ Managing Editor-Technology Chris Smith.
The Forecast & Review portion of the webcast will identify forces underlying the collapse in crude oil prices and assess prospects for changes essential to recovery—all in the context of geopolitical pressures buffeting the market.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected