Press Esc to close

WorldOil

World Oil News Center



EnerVest announces $1.4 billion in oil & gas acquisitions

HOUSTON -- EnerVest, Ltd., and its affiliates have announced 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.

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.

"These deals are consistent with our stated strategy of establishing and building upon dominant positions in proven resource basins," said John B. Walker, President and CEO of EnerVest. "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."

Houston-based EnerVest, founded in 1992, acquires, develops and operates oil and gas fields in 15 states on behalf of its institutional investors. 

11/12/2013

 

Bookmark and Share


WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

MEDIA CENTER

By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...

ENERGY EVENTS

Upcoming Events