{"id":871707,"date":"2025-08-06T11:30:59","date_gmt":"2025-08-06T15:30:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-announces-agreement-to-acquire-enverus\/"},"modified":"2025-08-06T11:30:59","modified_gmt":"2025-08-06T15:30:59","slug":"blackstone-announces-agreement-to-acquire-enverus","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-announces-agreement-to-acquire-enverus\/","title":{"rendered":"Blackstone Announces Agreement to Acquire Enverus"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Blackstone Announces Agreement to Acquire Enverus<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBlackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone (\u201cBlackstone\u201d) have entered into a definitive agreement to acquire Enverus, a premier data analytics energy intelligence platform, from Hellman &amp; Friedman and Genstar Capital.<\/p>\n<p>\nEnverus was founded in 1999 and is a comprehensive data analytics platform empowering its customers\u2019 capital allocation and asset optimization decisions across the entire energy ecosystem. Today, it is the largest and fastest-growing SaaS company and analytics provider dedicated to the energy market. It enables its 8,000 customers across 50 countries with real-time access to analytics, insights, and benchmark data from generative AI and partnerships with more than 95 percent of U.S. energy producers and 40,000 suppliers.<\/p>\n<p>\n\u201cThis is more than a transaction \u2013 it\u2019s a launchpad,\u201d said Manuj Nikhanj, CEO of Enverus. \u201cBlackstone shares our conviction that the future of energy will be defined by AI, real-time intelligence, and bold execution. Their global reach and deep expertise across energy, infrastructure, and data-rich industries will accelerate our momentum \u2013 helping us scale faster, build smarter, and deliver transformational outcomes for our customers. It is thanks to a strong partnership with H&amp;F that Enverus is the company we are today. I am incredibly proud of what our team has built \u2013 especially our breakthrough work in power markets \u2013 and more excited than ever for what comes next.\u201d<\/p>\n<p>\nEli Nagler and Bilal Khan, Senior Managing Directors at Blackstone, said: \u201cAs the leading energy-dedicated SaaS platform, Enverus\u2019 advanced analytics and technology solutions are critical for its customers as they navigate unprecedented AI-driven electricity demand growth and the broader energy transition. We believe Blackstone\u2019s energy market expertise and network can further enhance the company\u2019s growth trajectory, and look forward to partnering with Manuj and the Enverus team.\u201d<\/p>\n<p>\n\u201cAfter four years of tremendous partnership, Enverus stands as the clear SaaS, data, and analytics leader empowering the energy market,\u201d said Ben Farkas, Partner at Hellman &amp; Friedman. \u201cWe set out with a mission to build on the company\u2019s core strengths, accelerate innovation, and expand its reach across the energy value chain. Today they are pioneering GenAI-powered solutions, scaling into new markets, and enabling smarter and more efficient decisions for customers worldwide. The company\u2019s growth and culture of innovation have set a new standard for the industry. It\u2019s been a privilege to partner with Manuj Nikhanj, Jeff Hughes, and the full Enverus team. We are confident Enverus is exceptionally well-positioned to shape the future of global energy.\u201d<\/p>\n<p>\n\u201cSupporting Enverus through this exciting period of innovation and growth has been a great journey,\u201d said Eli Weiss, Managing Partner of Genstar Capital. \u201cWe\u2019re proud of the team\u2019s achievements and are confident they are well positioned for continued success.\u201d<\/p>\n<p>\nEnverus represents the latest in a number of recent transactions Blackstone has announced behind its high-conviction investment themes in electricity demand growth and the ongoing energy transition, such as <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.blackstone.com%2Fnews%2Fpress%2Fblackstone-energy-transition-partners-to-acquire-potomac-energy-center%2F&amp;esheet=54303826&amp;newsitemid=20250805990991&amp;lan=en-US&amp;anchor=Potomac+Energy+Center&amp;index=1&amp;md5=b5620eb6f03f2a04dee3ec588a48eb34\">Potomac Energy Center<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.blackstone.com%2Fnews%2Fpress%2Fblackstone-acquire-sediver-parent-company-seves-group-from-triton%2F&amp;esheet=54303826&amp;newsitemid=20250805990991&amp;lan=en-US&amp;anchor=Sediver&amp;index=2&amp;md5=5150d6195274f6907c4d96d78d124ab3\">Sediver<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.blackstone.com%2Fnews%2Fpress%2Fblackstone-energy-transition-partners-announces-majority-investment-in-westwood-professional-services-inc%2F&amp;esheet=54303826&amp;newsitemid=20250805990991&amp;lan=en-US&amp;anchor=Westwood+Professional+Services&amp;index=3&amp;md5=c5c950060efaba4ec1269dabd54828fe\">Westwood Professional Services<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.blackstone.com%2Fnews%2Fpress%2Fblackstone-to-acquire-trystar-premier-provider-of-backup-power-solutions%2F&amp;esheet=54303826&amp;newsitemid=20250805990991&amp;lan=en-US&amp;anchor=Trystar&amp;index=4&amp;md5=646faba38b9e0e63c8758d49d64ec5e2\">Trystar<\/a>, and others. Blackstone\u2019s core private equity strategy, Blackstone Energy Transition Partners, and Blackstone\u2019s private equity strategy for individual investors are each expected to invest in Enverus as part of this transaction.<\/p>\n<p>\nTerms of the transaction were not disclosed. The transaction is expected to close by the end of the year, subject to customary conditions. Citi and Morgan Stanley &amp; Co. LLC acted as financial advisors and Kirkland &amp; Ellis LLP acted as legal advisor to Enverus and Hellman &amp; Friedman. RBC Capital Markets, LLC served as financial advisor and Simpson Thacher &amp; Bartlett LLP served as legal advisor to Blackstone.<\/p>\n<p><b>About Blackstone<\/b><\/p>\n<p>\nBlackstone is the world\u2019s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone\u2019s $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.blackstone.com%2F&amp;esheet=54303826&amp;newsitemid=20250805990991&amp;lan=en-US&amp;anchor=www.blackstone.com&amp;index=5&amp;md5=bc8702ea10200d0168cc52e94e5ddd78\">www.blackstone.com<\/a>. Follow @blackstone on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2F7834%2F&amp;esheet=54303826&amp;newsitemid=20250805990991&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=6&amp;md5=bfa4b7d1394082c42835054e384a67eb\">LinkedIn<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2Fblackstone&amp;esheet=54303826&amp;newsitemid=20250805990991&amp;lan=en-US&amp;anchor=X+%28Twitter%29&amp;index=7&amp;md5=e238da75f4331e44de1a40a78126ba07\">X (Twitter)<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Fblackstone%2F&amp;esheet=54303826&amp;newsitemid=20250805990991&amp;lan=en-US&amp;anchor=Instagram&amp;index=8&amp;md5=ba5d35dc5a8e727917b931b72d545317\">Instagram<\/a>.<\/p>\n<p><b>About Enverus<\/b><\/p>\n<p>\nEnverus is the energy industry\u2019s most trusted source for decision intelligence. With petabytes of proprietary data, deep domain expertise, and AI-native technology, Enverus empowers customers to invest smarter, operate more efficiently, and scale faster \u2014 across upstream, midstream, minerals, power, and renewables \u2014 all while navigating the most complex energy market in history. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.enverus.com%2Foverview%2F&amp;esheet=54303826&amp;newsitemid=20250805990991&amp;lan=en-US&amp;anchor=www.enverus.com&amp;index=9&amp;md5=8ec9ad420af79bd953872482150d243e\">www.enverus.com<\/a>.<\/p>\n<p><b>About Hellman &amp; Friedman<\/b><\/p>\n<p>\nHellman &amp; Friedman is a preeminent global private equity firm with a distinctive investment approach focused on a limited number of large-scale equity investments in high-quality growth businesses. H&amp;F seeks to partner with world-class management teams where its deep sector expertise, long-term orientation, and collaborative partnership approach enable companies to flourish. H&amp;F targets outstanding businesses in select sectors, including technology, financial services, healthcare, consumer services &amp; retail, and information, content &amp; business services. Since its founding in 1984, H&amp;F has invested in over 100 companies and has over $115 billion in assets under management as of December 31, 2024. Learn more about H&amp;F\u2019s defining investment philosophy and approach to sustainable outcomes at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.hf.com%2F&amp;esheet=54303826&amp;newsitemid=20250805990991&amp;lan=en-US&amp;anchor=www.hf.com&amp;index=10&amp;md5=87005ed612e9819cdccf0a061ce55365\">www.hf.com<\/a>.<\/p>\n<p><b>About Genstar Capital<\/b><\/p>\n<p>\nGenstar Capital <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.gencap.com%2F&amp;esheet=54303826&amp;newsitemid=20250805990991&amp;lan=en-US&amp;anchor=%28www.gencap.com%29&amp;index=11&amp;md5=ca68b3f746f536b2bd221d1f34320915\">(www.gencap.com)<\/a> is a leading private equity firm that has been actively investing in high-quality companies for over 35 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $50 billion of assets under management and targets investments focused on targeted segments of the financial services, software, healthcare, and industrials industries.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250805990991r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250805990991\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250805990991\/en\/<\/a><\/span><\/p>\n<p><b>Media<br \/>\n<\/b><br \/><b>Blackstone<br \/>\n<\/b><br \/>Matt Anderson<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Matthew.Anderson@Blackstone.com\">Matthew.Anderson@Blackstone.com<br \/>\n<\/a><br \/>(518) 248-7310<\/p>\n<p>\nJennifer Heath<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Jennifer.Heath@Blackstone.com\">Jennifer.Heath@Blackstone.com<br \/>\n<\/a><br \/>(347) 603-9256<\/p>\n<p><b>Enverus<br \/>\n<\/b><br \/>Jon Haubert<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Jon.Haubert@enverus.com\">Jon.Haubert@enverus.com<br \/>\n<\/a><br \/>(303) 396-5996<\/p>\n<p><b>Hellman &amp; Friedman<br \/>\n<\/b><br \/>Dan Abernethy<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Dan.Abernethy@fgsglobal.com\">Dan.Abernethy@fgsglobal.com<br \/>\n<\/a><br \/>(646) 238-3902<\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Technology Data Analytics Finance Software Artificial Intelligence<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250805990991\/en\/286215\/3\/bx_logo_jpeg.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Blackstone Announces Agreement to Acquire Enverus NEW YORK&#8211;(BUSINESS WIRE)&#8211; Blackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone (\u201cBlackstone\u201d) have entered into a definitive agreement to acquire Enverus, a premier data analytics energy intelligence platform, from Hellman &amp; Friedman and Genstar Capital. Enverus was founded in 1999 and is a comprehensive data analytics platform empowering its customers\u2019 capital allocation and asset optimization decisions across the entire energy ecosystem. Today, it is the largest and fastest-growing SaaS company and analytics provider dedicated to the energy market. It enables its 8,000 customers across 50 countries with real-time access to analytics, insights, and benchmark data from generative AI and partnerships with more than 95 percent of U.S. energy producers and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-announces-agreement-to-acquire-enverus\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Blackstone Announces Agreement to Acquire Enverus&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-871707","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Blackstone Announces Agreement to Acquire Enverus - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-announces-agreement-to-acquire-enverus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone Announces Agreement to Acquire Enverus - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Blackstone Announces Agreement to Acquire Enverus NEW YORK&#8211;(BUSINESS WIRE)&#8211; Blackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone (\u201cBlackstone\u201d) have entered into a definitive agreement to acquire Enverus, a premier data analytics energy intelligence platform, from Hellman &amp; Friedman and Genstar Capital. Enverus was founded in 1999 and is a comprehensive data analytics platform empowering its customers\u2019 capital allocation and asset optimization decisions across the entire energy ecosystem. Today, it is the largest and fastest-growing SaaS company and analytics provider dedicated to the energy market. It enables its 8,000 customers across 50 countries with real-time access to analytics, insights, and benchmark data from generative AI and partnerships with more than 95 percent of U.S. energy producers and &hellip; Continue reading &quot;Blackstone Announces Agreement to Acquire Enverus&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-announces-agreement-to-acquire-enverus\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-06T15:30:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250805990991r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackstone-announces-agreement-to-acquire-enverus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackstone-announces-agreement-to-acquire-enverus\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Blackstone Announces Agreement to Acquire Enverus\",\"datePublished\":\"2025-08-06T15:30:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackstone-announces-agreement-to-acquire-enverus\\\/\"},\"wordCount\":1004,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackstone-announces-agreement-to-acquire-enverus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250805990991r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackstone-announces-agreement-to-acquire-enverus\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blackstone-announces-agreement-to-acquire-enverus\\\/\",\"name\":\"Blackstone Announces Agreement to Acquire Enverus - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-announces-agreement-to-acquire-enverus\/","og_locale":"en_US","og_type":"article","og_title":"Blackstone Announces Agreement to Acquire Enverus - Market Newsdesk","og_description":"Blackstone Announces Agreement to Acquire Enverus NEW YORK&#8211;(BUSINESS WIRE)&#8211; Blackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone (\u201cBlackstone\u201d) have entered into a definitive agreement to acquire Enverus, a premier data analytics energy intelligence platform, from Hellman &amp; Friedman and Genstar Capital. Enverus was founded in 1999 and is a comprehensive data analytics platform empowering its customers\u2019 capital allocation and asset optimization decisions across the entire energy ecosystem. Today, it is the largest and fastest-growing SaaS company and analytics provider dedicated to the energy market. It enables its 8,000 customers across 50 countries with real-time access to analytics, insights, and benchmark data from generative AI and partnerships with more than 95 percent of U.S. energy producers and &hellip; Continue reading \"Blackstone Announces Agreement to Acquire Enverus\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-announces-agreement-to-acquire-enverus\/","og_site_name":"Market Newsdesk","article_published_time":"2025-08-06T15:30:59+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250805990991r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-announces-agreement-to-acquire-enverus\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-announces-agreement-to-acquire-enverus\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Blackstone Announces Agreement to Acquire Enverus","datePublished":"2025-08-06T15:30:59+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-announces-agreement-to-acquire-enverus\/"},"wordCount":1004,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-announces-agreement-to-acquire-enverus\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250805990991r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-announces-agreement-to-acquire-enverus\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/blackstone-announces-agreement-to-acquire-enverus\/","name":"Blackstone Announces Agreement to Acquire Enverus - 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