Marketed 360000 Net Appalachian Acres EnerVest

EnerVest Ltd. is selling its stake in more than 1,100 wells plus roughly 360,000 net leasehold acres in the Appalachian Basin through a sealed-bid offering handled by EnergyNet.

The offer includes operated, nonoperated, royalty and overriding royalty interests in West Virginia, Virginia and Kentucky from EnerVest Operating LLC, a subsidiary of Houston-based EnerVest Ltd.


  • Operations in more than 850 wells;
    • High average working interest on operated wells;
    • More than 750 producing wells;
  • Nonoperated working interest in more than 250 wells;
    • 0.638%-56.25% working interest and 0.875%-56.953% net revenue interest;
    • 0.1%-18.75% royalty interest and overriding royalty interest only in more than 100 wells;
    • More than 200 producing wells and more than 55 non-producing and temporarily abandoned wells;
    • Select operators include Appalachian Energy, CNX Gas Co. LLC, Magnum Hunter Production and NCL Natural Resources LLC;
  • 360,620.91 net leasehold acres;
    • 212,989.48 net developed leasehold;
    • 147,631.43 net undeveloped leasehold;
  • Eight-month average net income of $171,946 per month;
  • Eight-month average 8/8ths production of 17.404 million cubic feet per day and 4 barrels per day of oil; and
  • 2017 projected annual cash flow is $5.4 million at $3.50 per thousand cubic foot.

Offers are due by 4 p.m. CT March 22. For information visit or contact Chris Atherton, EnergyNet president, at 832-654-6612.