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PVAC / Penn Virginia Closes Merger with Lonestar Resources, Rebranding to Ranger Oil Corporation

Penn Virginia Closes Merger with Lonestar Resources, Rebranding to Ranger Oil Corporation
-- Provides Updated Plans for Combined Company -- -- Continued Focus on Efficiency, Returns and Free Cash Flow Generation -- HOUSTON, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation (“Penn Virginia” or the "Company") (NASDAQ: PVAC) today announced it closed the acquisition of Lonestar Resources US Inc. (“Lonestar”) and plans to rename the combined company Ranger Oil Corporation ("Ranger", “Ranger Oil” or “the Company”). 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 on its consistent track record of free cash flow generation, which it has sustained every quarter since fourth quarter 2019. Read More
Posted: Oct 6 2021, 03:36
Author Name: GlobeNewsWire
Views: 110884

PVAC News  

Penn Virginia (PVAC), Lonestar Complete All-Stock Merger Deal

By Zacks Investment Research
October 8, 2021

Penn Virginia (PVAC), Lonestar Complete All-Stock Merger Deal

Penn Virginia (PVAC) closes the merger with Lonestar to form an entity named Ranger Oil Corporation. more_horizontal

Penn Virginia (PVAC), Lonestar Complete All-Stock Merger Deal

By Zacks Investment Research
October 8, 2021

Penn Virginia (PVAC), Lonestar Complete All-Stock Merger Deal

Penn Virginia (PVAC) closes the merger with Lonestar to form an entity named Ranger Oil Corporation. more_horizontal

Penn Virginia (PVAC), Lonestar Complete All-Stock Merger Deal

By Zacks Investment Research
October 8, 2021

Penn Virginia (PVAC), Lonestar Complete All-Stock Merger Deal

Penn Virginia (PVAC) closes the merger with Lonestar to form an entity named Ranger Oil Corporation. more_horizontal

Penn Virginia Closes Merger with Lonestar Resources, Rebranding to Ranger Oil Corporation

By GlobeNewsWire
October 6, 2021

Penn Virginia Closes Merger with Lonestar Resources, Rebranding to Ranger Oil Corporation

-- Provides Updated Plans for Combined Company -- -- Continued Focus on Efficiency, Returns and Free Cash Flow Generation -- HOUSTON, Oct. 06, 2021 (G more_horizontal

Penn Virginia Closes Merger with Lonestar Resources, Rebranding to Ranger Oil Corporation

By GlobeNewsWire
October 6, 2021

Penn Virginia Closes Merger with Lonestar Resources, Rebranding to Ranger Oil Corporation

-- Provides Updated Plans for Combined Company -- -- Continued Focus on Efficiency, Returns and Free Cash Flow Generation -- HOUSTON, Oct. 06, 2021 (G more_horizontal

Penn Virginia Closes Merger with Lonestar Resources, Rebranding to Ranger Oil Corporation

By GlobeNewsWire
October 6, 2021

Penn Virginia Closes Merger with Lonestar Resources, Rebranding to Ranger Oil Corporation

-- Provides Updated Plans for Combined Company -- -- Continued Focus on Efficiency, Returns and Free Cash Flow Generation -- HOUSTON, Oct. 06, 2021 (G more_horizontal

Penn Virginia Closes Merger with Lonestar Resources, Rebranding to Ranger Oil Corporation

By GlobeNewsWire
October 6, 2021

Penn Virginia Closes Merger with Lonestar Resources, Rebranding to Ranger Oil Corporation

-- Provides Updated Plans for Combined Company -- -- Continued Focus on Efficiency, Returns and Free Cash Flow Generation -- HOUSTON, Oct. 06, 2021 (G more_horizontal

Penn Virginia Closes Merger with Lonestar Resources, Rebranding to Ranger Oil Corporation

By GlobeNewsWire
October 6, 2021

Penn Virginia Closes Merger with Lonestar Resources, Rebranding to Ranger Oil Corporation

-- Provides Updated Plans for Combined Company -- -- Continued Focus on Efficiency, Returns and Free Cash Flow Generation -- HOUSTON, Oct. 06, 2021 (G more_horizontal


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