“Thompson Knight’s Dobbs advises on EnerVest acquisition”
Jolisa Melton Dobbs, a partner at Thompson Knight, assisted EnerVest with its acquisition of a Virginia natural gas field from Range Resources for $876 million.
“EnerVest was pleased to work with Jolisa Dobbs at Thompson & Knight in our recent negotiation to acquire Range Resources’ Nora Field,” Fabené Welch, EnerVest senior vice president and general counsel, told WIPL. “Though we were working under a compressed timeline to complete this transaction, we had a motivated seller, which made the quick deadlines easier to meet.”
According to Welch, EnerVest has been looking to expand its Appalachia presence, specifically with respect to Range’s Nora Field natural gas properties. “This acquisition aligns with EnerVest Fund XIV’s strategy of acquiring oil and gas properties with significant future development opportunity, developing the assets and employing a proven, successful exit strategy – all with the intent of delivering consistent returns to our investors,” she said.