Before the Bill Barrett Corporation decided to sell its natural gas operations in the West Tavaputs Plateau of eastern Utah, it had worked out agreements with environmentalists for special protection in some areas. Those groups say the new owner, the EnerVest Corporation of Houston, needs to keep those promises.
Last week, the Bill Barrett Corporation sold its natural gas properties in the West Tavaputs Plateau of eastern Utah for more than 300-million dollars.
The deal was announced last week, but the buyer wasn’t disclosed. Filings with the Securities and Exchange Commission, though, identify the buyer as the EnerVest Corporation, based in Houston. The transaction is valued at 371-million dollars. EnerVest has drilling operations in Colorado and New Mexico as well as several other states in the South and Midwest.