HOUSTON, June 26, 2020 (GLOBE NEWSWIRE) -- Penn Virginia Corporation ("Penn Virginia" or the "Company") (NASDAQ:PVAC) today announced the resignation of Brian Steck from Penn Virginia's Board of Directors effective June 26, 2020, following a reduction of Mangrove Partners' holdings in the Company. Mr. Steck's resignation was not the result of any disagreements with the Company.

Darin Holderness, Chairman of the Penn Virginia Board, commented, "Brian has been an invaluable resource to the Company over the past year. On behalf of the entire Board, I would like to thank Brian for his contributions and service and wish him continued success in the future."

About Penn Virginia Corporation

Penn Virginia Corporation is a pure-play independent oil and gas company engaged in the development and production of oil, natural gas liquids, or NGLs, and natural gas, with operations in the Eagle Ford shale in south Texas. For more information, please visit our website at www.pennvirginia.com.