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5 Radnor Corporate Center, Ste. 500, 100 Matsonford Rd. Radnor, PA 19087 PA Tel. 610-975-8200 |
Type: Public
On the web:
http://www.pvresource.com
Employees:
210
Employee growth: 25.7%
The motto for Penn Virginia Resource Partners (PVR) could be "Baby, it's coal outside." The firm manages coal properties for energy company Penn Virginia Corporation. It leases mining rights on its properties to third-party mine operators, collecting royalties based on the amount of coal produced and the price at which it is sold. Its land contains more than 800 million tons of proven or probable reserves (mostly low-sulfur bituminous coal). However, most of PVR's revenue comes from natural gas processing and collection. The company operates six processing facilities and more than 4,200 miles of pipeline in Oklahoma, Pennsylvania, and Texas. PVR acquired general partner Penn Virginia GP Holdings in 2011.
Key numbers for fiscal year ending December, 2010:
Sales: $864.1M
One year growth: 31.6%
Net income: $43.2M
Income growth: (33.7%)
Officers:
CEO and Director: William H. Shea Jr.
Co-President and COO, Midstream: Ronald K. (Ron) Page
Co-President and COO, Coal: Keith D. Horton
Competitors:
Alliance Resource
Arch Coal
CONSOL Energy
