Harvest Oil & Gas Corp. agreed on July 30 to exit the Barnett through a divestiture of its position in the North Texas shale play with sale proceeds earmarked for shareholder returns.

An undisclosed buyer agreed to buy the Barnett Shale assets from Harvest, a Houston-based company formerly tied to EnerVest Ltd., for $72 million. The sale, which Harvest said includes “substantially all of its interests in the Barnett Shale,” follows a series of divestitures made by the company since its successor emerged from bankruptcy last year.

According to an investor presentation from March, Harvest’s Barnett Shale acreage covers 164,276 gross (40,658 net) acres across North Texas. The company’s working interest in the position was roughly 28%, of which over 90% was nonoperated.

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