Penn Virginia Corporation (NasdaqGS:PVAC) entered in to a Contribution Agreement to acquire certain oil and gas leasehold interests in Lavaca County and Fayette County from Rocky Creek Resources, LLC for $38.4 million on November 2, 2020. Penn Virginia Corporation will purchase certain oil and gas leasehold and other real and personal property interests in Lavaca County and Fayette County and assume certain liabilities from Rocky Creek, in exchange for 4,959,000 newly issued Common Units at a price per unit of $7.74, or $38.4 million in the aggregate and 49,590 shares of Series A Preferred Stock at a price per share equal to the par value thereof. Penn Virginia Corporation (NasdaqGS:PVAC) completed the acquisition of certain oil and gas leasehold interests in Lavaca County and Fayette County from Rocky Creek Resources, LLC in January 15, 2021