EnerVest, Ltd., and its affiliates announced 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:
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.