Grimes County, TX

Does anyone know if Magnolia Oil & Gas bought out Enervest?   Is there good Texas site to do research through like Sonris of Louisiana.

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Comment by jffree1 on November 14, 2018 at 9:48

Press release:

EnerVest Announces Sale of Eagle Ford and Austin Chalk Assets for $2.66 Billion to TPG Pace Energy Holdings

EnerVest and TPG Pace Energy to form Magnolia Oil and Gas Corporation

HOUSTON, March 20, 2018 (GLOBE NEWSWIRE) -- EnerVest, Ltd., on behalf of certain institutional partnerships, announced today it has entered into definitive agreements to sell its Eagle Ford and Austin Chalk assets to TPG Pace Energy Holdings (“TPGE”) (NYSE:TPGE) (NYSE:TPGE.U) (NYSE:TPGE.WS), an energy-focused special purpose acquisition entity led by former Occidental Petroleum Corporation CEO Steve Chazen, for approximately $2.66 billion in cash and stock. As part of the transaction, TPGE and EnerVest are partnering to create Magnolia Oil & Gas Corporation (“Magnolia”), a new company led by Chazen who will serve as Magnolia’s full-time Chairman, President and CEO. The transaction is expected to close late in the second quarter of 2018.

(more at link)

Comment by jffree1 on November 13, 2018 at 8:57

Lisa, a suggestion: You have put you question as the description of the Grime County, TX Group. I would change that to "Discussion of Grimes County, TX Oil & Gas Activity" or something similar. Then post a discussion in the group with your question. That way... any answers you get will be found threaded under the discussion title... all in one place.

Having only a comment wall is a hard way to carry on a conversation.


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