One-Page Deal Sheet
EVEP, EnerVest To Acquire Barnett Shale Properties for $1.2 Billion
Enervest Ltd., EV Energy Partners Lp Ovintiv Inc
Announced Date
November 03,2011
Effective Date
November 01,2011
Close Date
December 22,2011
Transaction Type
Property
Enterprise Value (EV)($MM)
1208
Asset/Basin:
{"Barnett Shale"}
TargetZones:
{"Barnett Shale"}
Net Acres
Proved Reserves
Location
Country
United States
State
Texas
County
Montague ,Wise ,Denton
Play
Production & Reserves Production
Reserves
Transaction Details: Require Private Equity Subscription
EV Energy Partners, L.P., announced it, along with certain institutional partnerships managed by EnerVest, Ltd., has signed agreements with two unrelated companies to acquire over $1.2 billion of oil and natural gas properties located in the Barnett Shale: the first is for $975 million from Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corporation, and the second is a $233 million acquisition from an undisclosed private seller. EVEP will acquire an approximate 31 percent interest in both acquisitions for a combined $372.3 million.
The acquisitions, which have been approved by the EVEP…
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Aug-12-2025 | BKV Acquires More Barnett Shale Assets | -  |
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| May-19-2022 | Exxon to Sell Barnett Shale Portfolio to BKV for $750 Million | - |
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| Dec-18-2019 | Devon Sells Barnett Shale Assets to Kalnin for $830 Million | - |
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