[Editor's note: A version of this story appears in the April 2021 issue of Oil and Gas Investor magazine.]

In January, NASDAQ-listed Penn Virginia Corp. closed a deal with private equity firm Juniper Capital Advisors LP in which the Houston financier took a nearly 60% majority ownership position in the small, public independent that calls the Eagle Ford Shale home. In exchange, Penn Virginia’s heavy-laden balance sheet was relieved of approximately $130 million in debt, simultaneously almost tripling the producer’s liquidity under its credit facility and more than doubling its market capitalization.

It was a much-needed lungful of green oxygen.

Darrin Henke joined Penn Virginia as CEO in mid-negotiations with Juniper in August, following the retirement of its previous CEO. Henke hails from Gary Permian, a private equity-backed E&P in which he was CEO, and before that as vice president of southern operations with Encana Corp., which included its Eagle Ford assets.

Henke spoke with Oil and Gas Investor from his corporate office in Houston.

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