Penn Virginia CORP: directors' dealings · United States · SEC (Form 4)

About Penn Virginia CORP

Penn Virginia Corp. was a long-standing U.S. energy company historically focused on the exploration, development, and production of crude oil, natural gas liquids (NGLs), and natural gas. The company was incorporated in 1882 in the Commonwealth of Virginia and built its identity as an onshore producer in the United States, with its core operating footprint centered on the Eagle Ford shale in South Texas. Over time, its corporate headquarters were cited in Radnor, Pennsylvania, while operational management was run primarily from Houston, Texas. Penn Virginia was publicly traded on U.S. exchanges during its history, including the NYSE and later the Nasdaq under different ticker symbols, making it a familiar name to investors following U.S. energy small- and mid-cap equities. ([sec.gov](https://www.sec.gov/Archives/edgar/data/77159/000007715915000014/pva-20141231x10k.htm?utm_source=openai)) From a business-model perspective, Penn Virginia was best understood as a pure-play onshore E&P company. Its strategy was built around unconventional horizontal drilling and the development of producing wells, rather than a diversified upstream portfolio spread across multiple basins or international geographies. The Eagle Ford was the company’s defining asset base and offered exposure to liquids-rich production, established takeaway infrastructure, and a basin that has historically attracted significant capital from major and independent operators alike. That positioning gave Penn Virginia a focused operating profile, but it also made the company highly sensitive to commodity prices, well productivity, and capital discipline. In other words, its equity story was driven less by breadth and more by execution in a concentrated asset base. ([sec.gov](https://www.sec.gov/Archives/edgar/data/77159/000007715915000014/pva-20141231x10k.htm?utm_source=openai)) The company’s recent history was shaped by corporate restructuring and consolidation. Penn Virginia went through Chapter 11 in 2016, then emerged with a leaner balance sheet and continued its development program in the Eagle Ford. In October 2021, it acquired Lonestar Resources US Inc.; after that transaction, Penn Virginia changed its name to Ranger Oil Corporation and began trading on the Nasdaq under the ROCC ticker. This transition reflected a broader trend in U.S. shale: asset consolidation, stronger balance-sheet management, and attempts to build scale in a high-quality basin rather than operating as a standalone legacy E&P platform. ([sec.gov](https://www.sec.gov/Archives/edgar/data/77159/000119312521294328/d161656d8k.htm?utm_source=openai)) The most important recent corporate event was the closing of Baytex Energy Corp.’s acquisition of Ranger Oil on June 20, 2023. As a result, Penn Virginia no longer exists as an independent publicly traded operating company in the market today; its former assets and corporate history now sit within a broader Baytex platform. For investors in the United States and Europe reviewing SEC Form 4 insider activity, this means the name is primarily relevant as a legacy issuer and historical reference point rather than as an actively listed NYSE/Nasdaq company. ([baytexenergy.com](https://www.baytexenergy.com/content/uploads/newsFile/1687285380-170680.pdf?utm_source=openai))