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

Editor's note: companies mutually agreed to terminate merger on March 21.

To acquire through a cash-and-stock merger Houston-based Eagle Ford Shale operator Penn Virginia, which holds roughly 84,000 net acres across Gonzales, Lavaca and Dewitt counties, TX, with net production of 22,200 boe/d (74% oil). (Expected to close 1Q 2019)