Exploration & Production | Deals - Acquisition, Mergers, Divestitures | Capital Markets | Private Equity Activity
EnerVest Tags $1.4B in Asset Growth via Multiple Deals
Email
Print 
Bookmark
EnerVest, Ltd. has noted that, since August, they have acquired or will acquire by year-end approximately $1.4 billion in producing properties from seven sellers in seven separate transactions, as summarized below:
You can get more information on these deals and more in the Shale Experts M&A Database.
The acquisitions provide EnerVest with additional long-life base production and development drilling opportunities in areas where the company has sizeable asset positions and substantial experience. In addition, they provide a significant opportunity for future production growth through development of the large acreage position. These acquisitions are subject to customary closing conditions.
This is the fourth consecutive year in which EnerVest has acquired in excess of $1 billion of assets in the United States.
John B. Walker, President and CEO of EnerVest, commented: "These deals are consistent with our stated strategy of establishing and building upon dominant positions in proven resource basins. We also are pleased to add the Uinta Basin in Utah as a new operating region. We now serve as operator in 15 states and have an interest in properties in 17 states."