EnerVest CEO’s 2014 Strategy: Counter Market, Buy Dry Gas Reserves

摘要

In 2013, EnerVest Ltd. was well balanced in its A&D activity, selling $1.4 billion in assets and buying $1.5 billion. After wrapping up on Dec. 31, EnerVest, based in Houston, had acquired in excess of $1 billion of assets in the U.S. for four consecutive years. Its purchases included assets in the Midcontinent, the Barnett, the San Juan Basin and the Uinta. The largest of its sales was parting with what John B. Walker, EnerVest’s CEO, says was likely the company’s best acreage in Martin and Andrews counties in Texas’ Midland sub-basin. In December, QEP Resources Inc. (NYSE: QEP) agreed to be paid $950 million for proved reserves of 47 million barrels of oil equivalent (MMBOE).