Oil, Gas and Consumable Fuels
Company Overview of EnerVest, Ltd.
EnerVest, Ltd. produces oil and natural gas with wells in the Utica Shale, the Barnett Shale, the Appalachian Basin, the Mid-Continent area, the San Juan Basin, the Monroe Field in Louisiana, the Permian Basin, Central and East Texas, and Michigan. EnerVest, Ltd. was founded in 1992 and is based in Houston, Texas. It has operations in Arkansas, Colorado, Kansas, Louisiana, Michigan, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Texas, and West Virginia.
1001 Fannin Street
Houston, TX 77002-6707
Founded in 1992
Key Executives for EnerVest, Ltd.
Founder and Chief Executive Officer
Chief Financial Officer and Executive Vice President
Chief Executive Officer of Enervest Operating Company and President of Enervest Operating Company
Chief Administrative Officer and Vice President
Compensation as of Fiscal Year 2014.
EnerVest, Ltd. Key Developments
EnerVest and FourPoint Energy Announce $1.95 Billion Joint Venture Oil & Gas Acquisition
Oct 3 14
EnerVest, Ltd., and its privately held institutional partnerships, along with its joint venture partner FourPoint Energy, LLC, announced the acquisition of $1.95 billion ($975 million net to EnerVest) in producing properties in the Western Anadarko Basin from Linn Energy. The acquisition is expected to close on or before Dec. 15, 2014, and is subject to customary closing conditions and purchase price adjustments. The acquisition includes: 195 MMCFED from 1,358 wells; 145,000 net acres adjacent to current EnerVest/FourPoint production in Beckham, Ellis and Roger Mills counties, Oklahoma, and Hansford, Lipscomb, Ochiltree, Roberts and Wheeler counties, Texas; Solid PDP base which makes up 50% of proved reserves and 69% of proved value; 170 mile gas gathering system, associated infrastructure and an oil terminal facility. Pro forma for the acquisition and prior to customary post-closing adjustments, the Joint Venture will have an acreage position of more than 325,000 net acres in the established AMI with net production estimated to exceed 315 Mmcfe/d. EnerVest and FourPoint expect strong growth while spending within free cash flow and continuing to exploit the multi-year drilling inventory associated with the combined asset base.
EnerVest, Ltd. Presents at 5th annual DUG Eagle Ford Conference, Sep-17-2014 10:30 AM
Sep 12 14
EnerVest, Ltd. Presents at 5th annual DUG Eagle Ford Conference, Sep-17-2014 10:30 AM. Venue: Henry B. Gonzalez Convention Center, San Antonio, Texas, United States. Speakers: Mark A. Houser, Chief Operating Officer and Executive Vice President.
EnerVest and FourPoint Energy Announce $275 Million in Joint Venture Oil & Gas Acquisition
May 6 14
EnerVest, Ltd., and its institutional partnerships along with its joint venture partner, FourPoint Energy, LLC, announced the acquisition of $275 million in producing properties in the Western Anadarko Basin from an undisclosed seller. The acquisition is expected to close on or before June 30, 2014, and is subject to customary closing conditions and purchase price adjustments. The deal includes acreage and producing wells in the Granite Wash formation in Hansford, Hemphill, Ochiltree, Roberts and Wheeler counties in Texas and Beckham, Custer, Dewey, Ellis, Roger Mills and Washita counties in Oklahoma. The properties and production include: 31,880 MCFEPD net production (43% liquids) from 642 wells; a large acreage position of 47,000 net acres adjacent to current EnerVest/FourPoint production; Solid PDP base which makes up 52% of proved reserves and 75% of proved value.
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