In conjunction with the closing of the transaction, the Board has increased from four members to nine members, and
Darrin Henke, Penn Virginia's President and Chief Executive Officer, commented, 'We are pleased to welcome Eddie, Kevin, Josh, Tope, and Tim to our Board of Directors. They each have a wealth of experience within the energy industry and are valuable additions to the Board.'
'It is an honor and a privilege to serve as Chairman,' said
About Penn Virginia
About
Forward-Looking Statements
This communication contains certain 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding future financial or operating performance and other statements that are not historical facts are forward-looking statements, and such statements include, words such as 'anticipate,' 'will,' 'outlook,' 'expects,' 'intends,' 'plans,' 'believes,' 'potential,' 'may,' 'possible,' 'should,' 'could,' 'future,' and variations of such words or similar expressions, including the negative thereof, to identify forward-looking statements. Because such statements include assumptions, risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to, the following: our ability to realize the desired benefits of the change in leadership; the effect of commodity and financial derivative arrangements with other parties, and counterparty risk related to the ability of these parties to meet their future obligations; any further decline in, sustained depression in and volatility of expected and realized commodity prices for oil, NGLs, and natural gas; our ability to comply with our credit agreement and maintain or increase our borrowing base; the uncertainties inherent in projecting future rates of production for our wells and the extent to which actual production differs from that estimated in our proved oil and gas reserves; actions by third parties, including suppliers and customers; the impact of the COVID-19 pandemic, the related economic downturn and the related substantial decline in demand for oil and natural gas and other risks set forth in our filings with the
Contact:
Tel: (713) 722-6540
Email: invest@pennvirginia.com
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