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A&D - Harvest O&G pulls trigger on $72MM Barnett shale exit - August 2019
A little over a year after emerging from bankruptcy, Harvest Oil & Gas announced the sale of all its interests in the Barnett shale for $72 million. According to Drillinginfo intelligence, the buyer is Bedrock Energy Partners, which already owns and operates properties in the Barnett. Net production in Q1 was 55.6 MMcfe/d and estimated proved reserves at YE18 were 276.6 Bcfe (62% gas), making up the largest proportion of the Harvest’s proved reserves. UBS Investment Bank was Harvest’s financial......
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