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STS - Penn Virginia grows output 110%, terminates merger - April 2019

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Penn Virginia generated strong growth during 2018, with full-year volumes increasing 110% YOY to 21,765 boe/d. The company drilled and turned to sales 53 wells and finished the year with three DUCs. According to RRC data, 50 of the wells had reported IP24 rates that averaged 1,333 boe/d (85% oil), or 183 boe/d per 1,000 lateral ft. Its top performing wells were the Southern Hunter-Amber Unit 1 and 2 in Gonzales County, averaging 2,546 boe/d (87% oil), or 312......
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