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...

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