| Business Summary | | Penn
Virginia
Corporation
is
engaged
in
the
exploration,
development
and
production
of
oil
and
natural
gas
and
the
collection
of
royalties
and
overriding
royalty
interests
on
various
oil
and
gas
properties,
as
well
as
the
leasing
of
coal
mineral
rights
and
the
collection
of
related
royalties.
Penn
Virginia
explores
for,
develops
and
produces
crude
oil,
condensate
and
natural
gas
in
the
eastern
and
southern
portions
of
the
United
States.
The
Company
also
owns
mineral
rights
to
480
million
tons
of
mineable
and
merchantable
coal
reserves
located
in
central
Appalachia.
Its
coal
reserves
include
both
surface
and
underground
mineable
seams.
The
reserves
are
generally
high
quality,
low-sulfur
bituminous
coal
and
are
leased
to
various
operators.
The
Company
operates
in
two
primary
business
segments
comprised
of
oil
and
gas,
and
coal
royalty
and
land
management. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Penn
Virginia
Corporation
is
engaged,
primarily
through
its
subsidiaries,
in
the
leasing
of
mineral
rights
and
collection
of
royalties,
the
exploration
and
production
of
oil
and
gas,
and
coal
and
timber.
For
the
six
months
ended
6/30/01,
total
revenues
rose
42%
to
$51
million.
Net
income
totaled
$53.7
million,
up
from
$11.5
million.
Results
reflect
higher
natural
gas
revenues
due
to
higher
realized
sales
prices,
and
$54.7
million
in
gains
on
the
sale
of
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Robert Garrett, 63 Chairman | -- | A. Dearlove, 52 Pres,
CEO, Director | $374K | Frank Pici CFO | -- | Keith Horton, 46 Exec.
VP, Director | 243K | Ann Horton, 41 VP,
Controller | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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