Vess Oil Operations Map
GE and Vess Oil have partnered to acquire 13,000 net acres in Brazos, Grimes, and Madison counties from EnerVest for $108 million.
The acreage is producing from the Woodbine and prospective for the Eagle Ford Shale.
This is the third partnership GE Energy Financial Services and Vess Oil have entered. Previous partnerships have acquired reserves in Brazos County, TX, and Kansas. A separate Vess Oil affiliate also operates Woodbine acreage in the Kurten Field adjacent to the assets acquired here.
“I am eager to launch our program and look forward to expansion opportunities predicated on demonstrable results.”
Read the full release at businesswire.com