Penn Virginia Corp., Radnor, Pa., (NYSE: PVA) reports its completed two Granite Wash well during the fourth quarter with a combined initial rate of 32 million cubic feet of gas per day.

The Sawawtsky 1-12H (45% working interest) had initial production of 16.5 million cubic feet of gas equivalent per day. The Janzen 1-27H (19%) had an initial rate of 15.5 million cubic feet equivalent per day. In total, Penn Virginia participated in four (1.3 net) Granite Wash horizontal wells in Texas, of which two (0.6 net) were completed and ...