Vinson Reps EnerVest In $950M Permian Basin Asset Sale

Law360, New York (December 9, 2013, 12:35 PM EST) -- Oil and gas company EnerVest Ltd. agreed to sell its Permian Basin assets in Texas to QEP Resources Inc. for $950 million, the companies said Monday.

The deal brought EnerVest's total divestitures for the year up to $1.4 billion, according to the company, which also made $1.5 billion in acquisitions for the year. EnerVest said that the divestiture was part of its routine strategy.

"Our asset team in Houston and our team in the field in Midland have done an exceptional job to increase the value...
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