Ranger Oil Corp.

About

Ranger Oil is a pure-play independent oil and gas company engaged in the development and production of oil, NGL and natural gas, with operations in the Eagle Ford Shale in South Texas.

The company was formerly known as Penn Virginia Corp., which has a corporate lineage dating back to the late 1800s as an Appalachian coal company, but rebranded, effective Oct. 18, 2021, following the completion of its acquisition of Lonestar Resources.

Editor's note: Updated Oct. 7, 2021.

Headquarters Address

16285 Park Ten Place
Suite 500
Houston, TX 77084
United States

New Financings

Report Date Type Amount (MM) Description
2021-07-27 Penn Virginia Corp. Debt $400.00

Priced offering by indirect, wholly owned subsidiary Penn Virginia Escrow LLC of 9.250% senior unsecured…

Report Date Type Amount (MM) Description
2021-05-07 Penn Virginia Corp. Debt $350.00

Announced the deferral of a proposed private offering of its senior unsecured notes offering due 2028…

Report Date Type Amount (MM) Description
2019-12-11 Penn Virginia Corp. Debt $500.00

Penn Virginia Corp. completed its fall borrowing base redetermination and …

Report Date Type Amount (MM) Description
2014-10-24 Penn Virginia Corp. - 2014-10-24 Debt $500.00

A 12-member bank group led by administrative agent Wells Fargo Bank NA increased borrowing base from…

Report Date Type Amount (MM) Description
2014-06-11 Penn Virginia Corp. - 2014-06-11 Equity $264.20

Priced an offering of 2.8 million depositary shares, each representing one-hundredth interest in a share…

Activity Highlights

Two Eagle Ford-Eagleville Field wells were completed by Penn Virginia Oil Corp. in Joseph McCoy Survey, A-46, in Gonzales County,(RRC Dist. 1), Texas. The #6H RCRS Jane was tested flowing 1.067 bbl of oil with 670 Mcf of gas per day. It was…

An Eagle Ford Shale discovery was reported by Penn Virginia Corp. in Lavaca County (RRC Dist. 2), Texas. The Eagleville Field well, #2H Lager Unit, produced 1.29 Mbbl of 48-degree-gravity oil, 2.537 MMcf of gas and 940 bbl of water per day from…

Penn Virginia Corp., according to IHS Inc., has completed two horizontal Eagle Ford Shale tests in Lavaca County (RRC Dist. 2), Texas. The #1H Amber Unit flowed 1.844 Mbbl of 50-degree-gravity oil, 2.24 MMcf of gas and 834 bbl of water per day.…

Radnor, Pa.-based Penn Virginia Corp. completed two Lavaca County (RRC Dist. 2), Texas, Eagle Ford wells in Eagleville Field. The #1H Porter Unit flowed 2,045 bbl. of 50-degree-gravity oil, 3.75 million cu. ft. of gas and 905 bbl. of water per…

Penn Virginia Corp. tested an Eagle Ford well, #1H Blonde Unit, which flowed 2,125 bbl. of 50-degree-gravity oil, 2.38 million cu. ft. of gas and 691 bbl. of water per day. The Eagleville Field completion is in Thomas Toby Survey, A-456 of Lavaca…

News

The rebrand to Ranger Oil reflects a focus on “safe and efficient oil and natural gas operations in Texas,” where Penn Virginia—which…

In the aftermath of 2020’s large-scale mergers and corporate transactions, the deal pantry will likely find itself overflowing with…

The acquisition of Lonestar Resources further solidifies Penn Virginia’s position as a “premier Eagle Ford operator,” says President…

Penn Virginia received indications from potential bond investors that the proposed $350 million debt offering “didn’t materially…

A new majority owner and a new CEO energize pure-play Eagle Ford Shale operator Penn Virginia to catch its stride.

Transactions

Report Date Amount (MM) Description
2021-10-06 $370.00

Eagle Ford Producers Penn Virginia, Lonestar to Combine in $370 Million Deal

Eagle Ford Producers Penn Virginia, Lonestar to Combine in $370 Million Deal

Report Date Amount (MM) Description
2021-01-15 $38.00

Juniper Capital Advisors to Make Strategic Investment in Penn Virginia

Juniper Capital Advisors to Make Strategic Investment in Penn Virginia

Report Date Amount (MM) Description
2021-01-15 $38.00

Juniper Capital Advisors to Make Strategic Investment in Penn Virginia

Juniper Capital Advisors to Make Strategic Investment in Penn Virginia

Report Date Amount (MM) Description
2018-10-28

Denbury Adds Eagle Ford Core With $1.7 Billion Penn Virginia Merger

Denbury Adds Eagle Ford Core With $1.7 Billion Penn Virginia Merger

Report Date Amount (MM) Description
2018-07-31 $6.00

Penn Virginia Closes Sale Of Oklahoma Properties

Penn Virginia Closes Sale Of Oklahoma Properties