Penn Virginia Corporation (PVA) lowered production guidance for the fourth quarter of 2011. The company expects to produce from 10.7 to 11.0 Bcfe, down from the original guidance range of 12.2 to 12.7 Bcfe.
Penn Virginia Corporation attributed the cut to a delay in securing hydraulic fracturing services in the Eagle Ford Shale. The company also lowered the production curve profile on wells here relative to previous projections.
