CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Revenues
Natural gas	$ 34,171	$ 47,476	$ 113,660	$ 134,283
Crude oil	37,147	13,396	75,278	38,117
Natural gas liquids (NGLs)	10,676	7,459	33,758	14,987
Gain on sales of property and equipment	71	280	523	616
Other	1,288	342	2,335	2,116
Total revenues	83,353	68,953	225,554	190,119
Operating expenses
Lease operating	8,458	9,256	29,522	27,148
Gathering, processing and transportation	2,952	3,625	11,261	10,165
Production and ad valorem taxes	3,391	5,309	11,289	12,684
General and administrative	12,635	13,445	38,941	44,297
Exploration	19,303	22,020	68,219	37,590
Depreciation, depletion and amortization	45,345	33,224	113,224	95,358
Impairments		35,127	71,071	36,251
Other	300		300	465
Total operating expenses	92,384	122,006	343,827	263,958
Operating loss	(9,031)	(53,053)	(118,273)	(73,839)
Other income (expense)
Interest expense	(14,206)	(13,198)	(41,833)	(40,190)
Loss on extinguishment of debt	(1,165)		(25,403)
Derivatives	11,498	15,113	19,827	44,410
Other	61	342	334	2,105
Loss from continuing operations before income taxes	(12,843)	(50,796)	(165,348)	(67,514)
Income tax benefit	6,125	20,637	60,372	27,024
Loss from continuing operations	(6,718)	(30,159)	(104,976)	(40,490)
Income from discontinued operations, net of tax				33,482	[1]
Gain on sale of discontinued operations, net of tax				49,612
Net income (loss)	(6,718)	(30,159)	(104,976)	42,604
Less net income attributable to noncontrolling interests in discontinued operations				(28,090)
Income (loss) attributable to Penn Virginia Corporation	$ (6,718)	$ (30,159)	$ (104,976)	$ 14,514
Earnings (loss) per share attributable to Penn Virginia Corporation - Basic:
Continuing operations	$ (0.15)	$ (0.66)	$ (2.29)	$ (0.89)
Discontinued operations				$ 0.12
Gain on sale of discontinued operations				$ 1.09
Net income (loss)	$ (0.15)	$ (0.66)	$ (2.29)	$ 0.32
Earnings (loss) per share attributable to Penn Virginia Corporation - Diluted:
Continuing operations	$ (0.15)	$ (0.66)	$ (2.29)	$ (0.89)
Discontinued operations				$ 0.12
Gain on sale of discontinued operations				$ 1.09
Net income (loss)	$ (0.15)	$ (0.66)	$ (2.29)	$ 0.32
Weighted average shares outstanding, basic	45,817	45,591	45,758	45,534
Weighted average shares outstanding, diluted	45,817	45,591	45,758	45,733

[1] For purposes of determining earnings per share, net income attributable to noncontrolling interests, which is fully attributable to PVG's operations, is applied against income from discontinued operations.