Ranger Oil Corp. announced an increase in the Company's oil sales guidance for the fourth quarter 2021 and updated its current hedge position. Darrin Henke, President and Chief Executive Officer of Ranger commented, "I am very pleased to announce that, due to the observed outperformance of existing wells, faster cycle times and less anticipated downtime, we now expect our fourth quarter sales volumes to be considerably [...]
Ranger Oil Corp. today announced its financial and operational results for the third quarter 2021. Recent Significant Highlights The operational and financial results below do not include the Lonestar Resources US Inc. acquisition which closed October 5, 2021, unless otherwise noted. Rebranded the Company as Ranger Oil Corporation; Ranger's Board Member Tiffany Thom Cepak Named to Savoy Magazine's 2021 List of "Most [...]
Ranger Oil Corp. today announced an operational update and the timing of its third quarter 2021 earnings release and conference call. Separately, the Company has been renamed "Ranger Oil Corporation". Ranger will begin trading on the NASDAQ under the stock ticker of "ROCC" as of market open on Monday, October 18, 2021. Preliminary Third Quarter 2021 Operational and Financial Update The operational and financial results [...]
Penn Virginia today announced it closed the acquisition of Lonestar Resources US Inc. and plans to rename the combined company Ranger Oil Corp. The Company also announced plans for future operational activity, changes to the composition of its Board of Directors, and a reset of certain Lonestar hedges. The Company maintains focus on maximizing operational and capital efficiency, generating superior returns, and building [...]
Penn Virginia today announced its participation in an upcoming investor conference. Darrin Henke, President and Chief Executive Officer, is scheduled to present at the Barclays CEO Energy-Power Conference on September 10, 2021 at 9:45 am ET. The Company's management will participate in meetings immediately following this presentation. A link to the presentation slides will be available on the Company's website at [...]
Penn Virginia today announced an increase to the Company's borrowing base under its revolving credit facility pursuant to its regularly scheduled fall redetermination. Upon closing of the merger with Lonestar Resources US Inc. and subject to the terms of the amendment, Penn Virginia's borrowing base under its revolving credit facility will increase to $600 million with aggregate elected commitments of $400 million. The [...]
Penn Virginia Corp. today announced its participation in an upcoming investor conference. The Company's management will attend and participate in meetings at EnerCom's The Oil and Gas Conference in Denver on August 16-17, 2021. A link to the presentation slides will also be available on the Company's website. Penn Virginia Corp. is a pure-play independent oil and gas company engaged in the development and production of [...]
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