Current HRST Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Harvest Oil & Gas sells Barnett shale assets for $72 million
Harvest Oil & Gas Corporation (stock ticker: HRST), formerly EV Energy Partners L.P., has entered into a definitive agreement with an undisclosed buyer to sell all of its interests in the Barnett shale formation for $72 million.

For the first three months of 2019, the assets in question had an average production rate of 55.6 MMcfe per day, with estimated proved reserves of 276.6 Bcfe (62% natural gas, 37% NGLs, 1% crude oil) as of year-end 2018, calculated using SEC pricing.

Harvest's current assets (source: Harvest Oil & Gas)

The transaction, which has an effective date of April 1, 2019, is expected ...


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