FORM 3
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934, Section
17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
Idiaquez James O.
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(Last) (First) (Middle)
5331 Indian Share Lane
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(Street)
Houston TX 77041
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(City) (State) (Zip)
2. Date of Event Requiring Statement
(Month/Day/Year)
10/21/98
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3. Issuer Name and Ticker or Trading Symbol
PENN VIRGINIA CORPORATION (PVA)
4. Relationship of Reporting Person to Issuer
(Check all applicable)
______ Director _____ 10% Owner
__X___ Officer (Give title below) _____ Other (specify below)
Vice President - Corporate Development
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5. If Amendment, Date of Original
(Month/Day/Year)
6. Individual or Joint/Group Filing
(Check applicable line)
__X_ Form filed by one Reporting Person
____ Form filed by more than one Reporting Person
<TABLE>
Table I - Non-Derivative Securities Beneficially Owned
<CAPTION>
2. Amount of 3. Ownership Form:
Securities Direct (D)
Beneficially or
1. Title of Security Owned Indirect (I)
-------------------------- ------------- --------------
<S> <C> <C>
Common Stock $6.25 par value -0-
4. Nature of Indirect Beneficial
1. Title of Security Ownership
-------------------------- -----------------------------
<S> <C>
Common Stock $6.25 par value -0-
</TABLE>
<PAGE>
<TABLE>
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options,convertible securities)
<CAPTION>
2. Date Exercisable 3. Title and Amount
and Expiration of Securities
Date Underlying
(Month/Day/Year) Derivative Security
----------------- --------------------------
Amount
Date Expir- or Num-
1. Title of Derivative Exer- ation ber of
Security cisable Date Title Shares
------------------------ ------- --------- -------------- -------
<S> <C> <C> <C> <C>
Nonqualified Stock Options 10/15/99 10/14/08 Common Stock 20,000
($6.25 par value)
5. Ownership
4. Conversion Form of
or Exercise Derivative
Price of Security
1. Title of Derivative Derivative Direct (D) or
Security Security Indirect (I)
-------------------------- ---------------- -------------
<S> <C> <C>
Nonqualified Stock Options $21.625 D
1. Title of Derivative 6. Nature of Indirect
Security Beneficial Ownership
-------------------------- ------------------
<S> <C>
Nonqualified Stock Options Not Applicable
</TABLE>
Explanation of Responses:
Intentional misstatements or
omissions of facts constitute
Federal Criminal Violations.
JAMES O. IDIAQUEZ October 30, 1998
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Signature of Reporting Person Date
By: /S/ Nancy M. Snyder
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General Counsel and Corporate Secretary
Authorized Signer
LIMITED POWER OF ATTORNEY
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KNOW ALL MEN BY THESE PRESENTS, that the undersigned individual,
James O. Idiaquez, does hereby appoint Nancy M. Snyder as his
true and lawful attorney to execute and deliver for him and in his name
all Forms 3, 4 and 5 filed on behalf of the undersigned pursuant to
Section 16 of the Securities Exchange Act of 1934.
The undersigned hereby ratifies and confirms all that said attorney
shall do by virtue of the powers granted hereby. The undersigned does
hereby indemnify such attorney, and holds such attorney harmless, from
all claims which may be made against the undersigned as a result of her
serving as the undersigned's attorney except to the extent that such claims
result from her willful misconduct.
This Power of Attorney shall terminate immediately upon the under-
signed's written revocation hereof.
IN WITNESS WHEREOF, and intending to be legally bound, the under-
signed has executed and delivered this Power of Attorney this 29th day
of October 1998.
/S/ James O. Idiaquez
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