Penn Virginia Corp., Radnor, Pa., (NYSE: PVA) has acquired assets in eastern Oklahoma from an undisclosed seller for $47.9 million. The assets include 22,700 gross acres (15,800 net) in the Arkoma Basin primarily targeting Hartshorne coalbed-methane. Net production is approximately 3.1 million cubic feet of gas equivalent per day. Proved reserves are 18.8 billion cubic feet equivalent and probable and possible reserves are 14.8 billion cubic feet equivalent.
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