EnerVest, EV Energy buy Barnett assets

摘要

Houston-based EnerVest Ltd. and affiliated partnerships including MLP EV Energy Partners LP (Nasdaq: EVEP) plan to buy properties in the North Texas Barnett shale from privately held, Dallas-based Talon Oil & Gas LLC, for $967 million. The acquisition marks EnerVest's entry into the region. The assets include 212 active wells on 20,207 gross acres in the core Barnett area. Production is 87 MMcfe per day (71% gas). Total reserves are 1.1 Tcfe. The deal also includes 3-D seismic across all of the acreage and hedges from the seller.