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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
Crude oil $ 229,572 $ 119,582 $ 53,532
Natural gas liquids (NGLs) 31,051 43,394 26,663
Natural gas 49,861 137,070 171,141
Gain on sales of property and equipment, net 4,282 3,570 648
Other 2,383 2,389 2,454
Total revenues 317,149 306,005 254,438
Operating expenses      
Lease operating 31,266 36,988 35,757
Gathering, processing and transportation 14,196 15,157 14,180
Production and ad valorem taxes 10,634 13,690 13,917
General and administrative 45,900 48,328 58,383
Exploration 34,092 78,943 49,641
Depreciation, depletion and amortization 206,336 162,534 134,700
Impairments 104,484 104,688 45,959
Loss on firm transportation commitment 17,332 0 0
Other 0 1,096 709
Total operating expenses 464,240 461,424 353,246
Operating loss (147,091) (155,419) (98,808)
Other income (expense)      
Interest expense (59,339) (56,216) (53,679)
Loss on extinguishment of debt (3,164) (25,421) 0
Derivatives 36,187 15,651 41,906
Other 116 335 2,403
Loss from continuing operations before income taxes (173,291) (221,070) (108,178)
Income tax benefit 68,702 88,155 42,851
Loss from continuing operations (104,589) (132,915) (65,327)
Income from discontinued operations, net of tax 0 [1] 0 [1] 33,448 [1]
Gain on sale of discontinued operations, net of tax 0 0 51,546
Net income (loss) (104,589) (132,915) 19,667
Less net income attributable to noncontrolling interests in discontinued operations 0 0 (28,090)
Loss attributable to Penn Virginia Corporation (104,589) (132,915) (8,423)
Preferred stock dividends (1,687) 0 0
Loss attributable to common shareholders $ (106,276) $ (132,915) $ (8,423)
Loss per share - Basic:      
Continuing operations (in dollars per share) $ (2.22) $ (2.90) $ (1.44)
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.12
Gain on sale of discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 1.13
Net loss (in dollars per share) $ (2.22) $ (2.90) $ (0.19)
Loss per share - Diluted:      
Continuing operations (in dollars per share) $ (2.22) $ (2.90) $ (1.44)
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.12
Gain on sale of discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 1.13
Net loss (in dollars per share) $ (2.22) $ (2.90) $ (0.19)
Weighted average shares outstanding - basic 47,919 45,784 45,553
Weighted average shares outstanding - diluted 47,919 45,784 45,553
[1] For purposes of determining earnings per share, net income attributable to noncontrolling interests is applied against income from discontinued operations as both are attributable to PVG's operations.