Penn Virginia & Magnum Hunter Eagle Ford Deal Worth $401 Million

Penn Virginia Pays Approximately $12,000 Per Acre
Penn Virginia Eagle Ford Map

PVA – MHR Eagle Ford Map April 2013 | Click to Enlarge

Penn Virginia (PVA) has reached an agreement with Magnum Hunter Resources to acquire the company’s Eagle Ford properties in Gonzales and Lavaca counties for $401 million. Magnum Hunter will retain 7,000 net acres in Atascosa, Fayette, and Lee counties. [Read more…]