Its oil and gas properties are located primarily in the eastern and Gulf Coast onshore areas of the United States.
As of December 31, 2003, the company had proved reserves of approximately 6.
6 million barrels of oil and condensate, and 283 billion cubic feet of natural gas, or 323 billion cubic feet equivalent.
Its coal royalty and land management business is conducted by Penn Virginia Resource Partners, L.
P., in which the company has a minority interest.
These services include the leasing of coal reserves, provision of services to coal mining companies through fee-based assets, and sale of timber.
Penn Virginia was founded in 1882 and is headquartered in Radnor, Pennsylvania.
