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US Upstream week in brief: Penn Virginia fortifies Eagle Ford position with strategic bolt-on

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Report summary

Penn Virginia expands Eagle Ford position with strategic bolt on acquisition from Devon. Meanwhile QEP consolidates portfolio and resuscitates Haynesville program. Also discussed this week are highlights from the Q2 2017 earnings underpinned by downward adjustments to capex guidance signs of life in a recovering OFS sector and new fiscal reform gaining momentum regarding severance taxes in the Marcellus.

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    US Upstream week in brief: Penn Virginia fortifies Eagle Ford position with strategic bolt-on

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