Ranger Oil Corporation (formerly Penn Virginia Corporation) is an independent oil and gas company engaged in the exploration, development and production of oil, NGLs and natural gas in various domestic onshore regions of the United States, with a primary focus in the Eagle Ford Shale in South Texas. Penn Virginia recently relocated its corporate headquarters from Radnor, Pennsylvania to Houston, Texas and continues district operations facilities at various locations in Texas.[1]
In January 2016, Penn Virginia announced it had received notification from the New York Stock Exchange (NYSE) that the NYSE had determined to commence proceedings to delist the Company's common stock and that the Company will begin trading on the OTC Pink.[2] In May 2016, Penn Virginia announced that it had filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code.[3]