One-Page Deal Sheet
EnerVest Picks Up Eagle Ford Properties from Gulftex Energy
Enervest Ltd. GulfTex Energy III
Announced Date
May 17,2016
Effective Date
March 01,2016
Close Date
April 29,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
501
Asset/Basin:
{"Eagle Ford Shale","Austin Chalk"}
TargetZones:
{"Lower Eagle Ford",
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - South Texas
Country
United States
State
Texas
County
Atascosa ,Karnes ,Gonzales
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
EnerVest Ltd. has acquired Eagle Ford assets from affiliates of GulfTex for $501 million. The assets sold by GulfTex Energy III and its affiliate GulfTex Karnes EFS include 4,198 net acres (6,228 gross, 75% HBP) primarily in Karnes County with additional tracts in Atascosa and Gonzales counties.
Highlights include:- 8,568 BOEPD (85 percent liquids)
- Active drilling program
- 4,198 net acres (75 percent HBP)
- 256 drilling locations
"This is a great time in the commodity price cycle to buy oil assets, especially in the core of one of the hottest plays in the U.S.,"" said John B. Walker…
Gulf Coast - South Texas Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-18-2026 |
-  |
- |
Click here | Texas | E&P |
| Jan-08-2026 |
- |
- |
Click here | Texas | E&P |
| Dec-05-2024 |
- |
- |
Click here | Texas | E&P |
| May-16-2024 |
- |
- |
Click here | Texas | E&P |
| Nov-03-2022 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-18-2026 | SM Energy Sells Eagle Ford Asset for $950 Million | - |
- |
| Nov-12-2025 | Baytex Energy Exits United States in $2.305B Eagle Ford Divestiture | - |
- |
| Nov-03-2025 | Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM | - |
- |