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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues      
Natural gas $ 137,070 $ 171,141 $ 169,666
Crude oil 119,582 53,532 43,258
Natural gas liquids (NGLs) 43,394 26,663 15,735
Gain on sales of property and equipment 3,570 648 2,372
Other 2,389 2,454 4,175
Total revenues 306,005 254,438 235,206
Operating expenses      
Lease operating 36,988 35,757 44,392
Gathering, processing and transportation 15,157 14,180 11,307
Production and ad valorem taxes 13,690 13,917 15,044
General and administrative 48,328 58,383 49,690
Exploration 78,943 49,641 57,754
Depreciation, depletion and amortization 162,534 134,700 154,351
Impairments 104,688 45,959 106,415
Other 1,096 709 1,599
Total operating expenses 461,424 353,246 440,552
Operating loss (155,419) (98,808) (205,346)
Other income (expense)      
Interest expense (56,216) (53,679) (44,231)
Loss on extinguishment of debt (25,421)    
Derivatives 15,651 41,906 31,568
Other 335 2,403 1,259
Loss from continuing operations before income taxes (221,070) (108,178) (216,750)
Income tax benefit 88,155 42,851 85,894
Loss from continuing operations (132,915) (65,327) (130,856)
Income from discontinued operations, net of tax   33,448 [1] 53,488 [1]
Gain on sale of discontinued operations, net of tax   51,546  
Net income (loss) (132,915) 19,667 (77,368)
Less net income attributable to noncontrolling interests in discontinued operations   (28,090) (37,275)
Loss attributable to Penn Virginia Corporation $ (132,915) $ (8,423) $ (114,643)
Loss per share attributable to Penn Virginia Corporation - Basic:      
Continuing operations $ (2.90) $ (1.44) $ (2.99)
Discontinued operations   $ 0.12 $ 0.37
Gain on sale of discontinued operations   $ 1.13  
Net loss $ (2.90) $ (0.19) $ (2.62)
Loss per share attributable to Penn Virginia Corporation - Diluted:      
Continuing operations $ (2.90) $ (1.44) $ (2.99)
Discontinued operations   $ 0.12 $ 0.37
Gain on sale of discontinued operations   $ 1.13  
Net loss $ (2.90) $ (0.19) $ (2.62)
Weighted average shares outstanding, basic 45,784 45,553 43,811
Weighted average shares outstanding, diluted 45,784 45,553 43,811
[1] For purposes of determining earnings per share, net income attributable to noncontrolling interests is applied against income from discontinued operations as both are completely attributable to PVG's operations.