Penn Virginia Corporation (PVA) reported the completion of four gross wells into the Haynesville Shale during the third quarter of 2010. These wells had initial production rates ranging from 5.3 million to 8.7 million cubic feet equivalent per day.
Although Penn Virginia Corporation is encouraged by the results of its development program here, the company has decided to defer further drilling until natural gas prices recover sufficiently to provide better returns to the company.
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