Houston's EnerVest Buys Out Encana's Stake in Barnett Shale
by: Andrew Schneider, November 3, 2011 5:11:00 pm
Barnett Shale map, 2009
Mark Houser is executive vice president and chief operating officer of EnerVest.
“That position, along with another small position we’re acquiring simultaneously from a private company, is going to more than double our production in the Barnett Shale and will make us about the number six producer in the basin.”
Houser says the purchase from Encana will bring about a dozen new technical/professional jobs to the Houston area.
Encana says the proceeds from the transaction will help strengthen its balance sheet and provide financial flexibility going into 2012.