February 27, 2015 |
Penn Virginia Corp., the Radnor oil and gas exploration company, reported an adjusted fourth quarter loss of $25.4 million, or 35 cents per share. Analysts surveyed by Bloomberg had anticipated a loss of 10.5 cents per share. The company, which reported earnings Wednesday after markets closed, reported product revenues of $101.4 million, or $51.73 per barrel of oil equivalent, compared to $141.9 million, or $67.91 per barrel a year ago. A Bloomberg consensus of 16 analysts had anticipated sales of $137.6 million.
February 19, 2015 |
Penn Virginia Corp. has joined other oil and gas exploration companies and slashed capital spending for 2015 in the face of low energy prices. The Radnor firm, whose drilling operations are concentrated in the Eagle Ford formation in Texas, announced Wednesday it plans to cut capital spending by up to 63 percent this year to $295 million to $345 million. Most of the expenditures would be incurred during the first half of the year. "During this challenging environment, we are taking a disciplined approach to deploying capital in order to achieve year-over-year production growth and maintain a relatively flat production profile throughout the year," said H. Baird Whitehead, the company's chief executive.
January 16, 2015 |
Tam Minh Le had been on the run since August - when the battered bodies of two brothers were found in the Schuylkill with their throats slit and their limbs bound with duct tape. By the time authorities searched Le's Southwest Philadelphia house and named him as a suspect in the killings, he was already on the move. For months, authorities probed his associates for information and chased leads across the country. And, officials say, even as U.S. marshals burst into Le's motel room in Virginia on Tuesday night, the alleged gang member tried one last time to slip from authorities' grasp.
December 2, 2014 |
LA SALLE WON its first four games, but the competition was such that it was hard to tell the Explorers' deal. After two weekend games against much better competition over 24 hours in Brooklyn, more is known. And it is not good news. La Salle never led against Virginia on Friday or Vanderbilt on Saturday in the Barclays Center Classic and headed home with two losses and a lesson in just how far it has to go. On Friday, the Explorers actually played unbeaten Virginia (7-0) better than anybody else this season.
December 1, 2014 |
Aaron Bacote scored a career-high 31 points to lift Old Dominion to a 73-67 win over No. 14 Virginia Commonwealth on Saturday in Norfolk, Va. Bacote, who entered the game averaging just four points and shooting 16 percent, had scored just 20 points on the season. He made his first eight shots, including four three-pointers, and was 11 for 13 from the free-throw line to top his previous career high of 28. The Rams (4-2) were paced by Treveon Graham's 34 points and never led after the opening minutes.
November 30, 2014 |
NEW YORK - La Salle made a furious comeback attempt that just fell short against one of the top teams in the country. Trailing as many as 20 points in the second half, the Explorers cut the deficit to four before falling to Virginia, 64-56, during the Barclays Center Classic on Friday night. La Salle's Jordan Price made the first of two free throws to cut the margin to 58-54 with 1 minute, 12 seconds left. Price, the 6-foot-5 redshirt sophomore transfer from Auburn, missed the second foul shot and La Salle never got any closer.
November 26, 2014
DESPITE NOT yet seeing a single pitch of varsity baseball action, Penn Charter freshman outfielder Mike Siani committed to the University of Virginia last weekend. The 5-11, lefty, who recently turned 15, picked up scouting attention during summer ball with the Whiz Kids baseball organization. Siani, who lives in Glenside, also competed in tournaments involved with Perfect Game, an organization that aids in baseball recruiting. "(Virginia) was always kind of on the radar for us as a family," said Siani's father Ralph.
November 11, 2014 |
DELVIN BARNES, the man accused of abducting a woman from a Germantown street a little more than a week ago and forcibly taking her to Maryland, will face federal charges in Philadelphia before being tried in Virginia on a separate case. U.S. Magistrate M. Faith Angell in Philadelphia issued an order Friday, pursuant to a request by the U.S. Attorney's Office here, for Barnes, 37, to be transferred from the custody of the Riverside Regional Jail in Virginia to the custody of the FBI today so he can face an initial appearance in federal court in Philadelphia tomorrow.
November 10, 2014 |
DELVIN BARNES' conscience is apparently bearing down on him. The 37-year-old, who authorities say confessed to kidnapping Carlesha Freeland-Gaither from a corner in Germantown, has been placed on suicide watch in the rural Virginia prison where he's being held, officials said yesterday. Barnes - who was charged Thursday by the U.S. Attorney's Office in Freeland-Gaither's kidnapping - was extradited to the Riverside Regional Jail in North Prince George, Va. early yesterday, said Lt. Laura Gray, a spokeswoman for the prison.