Penn Virginia Corporation
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Penn Virginia Corporation - overview
Established
1882
Location
Houston, TX, US
Primary Industry
Oil & Gas
About
Penn Virginia Corporation is an energy company specializing in the exploration and production of oil and natural gas, focused on operating in the Appalachian Basin. Founded in 1882 and headquartered in Houston, US, Penn Virginia Corporation engages in the exploration and production of oil and gas. In November 2020, Juniper Capital acquired a majority 59% stake in the company through a USD 188. 4 mn investment, comprising a USD 38.
4 mn equity component and a cash component of USD 150 mn at USD 8. 75 per share. The company's CEO is Darrin Henke. Penn Virginia Corporation focuses on oil and gas exploration and production, primarily operating in the Appalachian Basin.
Their strategic operations aim to enhance energy supply through sustainable and efficient extraction processes, catering to both domestic and international markets. In the most recent financial year of 2022, Penn Virginia Corporation reported a revenue of USD 1,003. 26 mn and an EBITDA of USD 920. 35 mn.
Penn Virginia Corporation plans to leverage the recent funding of USD 188. 4 mn to amplify its drilling operations and enhance production capabilities. The company aims to introduce new drilling projects targeting increased oil output by 2023. Additionally, there are plans to expand into new regions within the Appalachian Basin to capitalize on emerging opportunities.
Current Investors
Juniper Capital
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Exploration and Production
Website
www.pennvirginia.com
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Penn Virginia Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Lonestar Resources US Inc. | - | ||||||||
| PIPE | Completed | Penn Virginia Corporation | - |
Displaying 1 - 2 of 2
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.