Friday, August 13, 2010

Eagle Ford Shale Price Per Acre

By Andrea:

Recently, Penn Virginia Corp. (PVA) acquired 6800 acres in the Eagle Ford Shale for $31.1 million. This means that the current price of land in the Eagle Ford Shale is running at approximately $4,600 per acre.

Penn Virginia Corporation is an independent oil and gas company engaged primarily in the development, exploration and production of natural gas and oil in various domestic onshore regions including Oklahoma, Texas, the Appalachian Basin and Mississippi. The primary development play types that they are focused on include the horizontal Granite Wash play, the horizontal Haynesville Shale play in East Texas, the horizontal Selma Chalk play in Mississippi and the Cotton Valley play in East Texas.

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