Vitol s Vencer Energy Makes First Investment To Acquire Midland Basin Assets
Vitol’s US upstream company, Vencer Energy LLC (“Vencer”), has today announced it has agreed to acquire Hunt Oil Company’s Midland Basin assets for an undisclosed sum. It is Vencer’s first acquisition since it was established by Vitol last year.
The assets comprise 44,000 acres across five counties in the Midland Basin, with current daily production of approximately 40 mboepd.
Don Dotson, President and CEO, Vencer said: “We are delighted with this acquisition which realizes our vision for Vencer as the owner of quality, mature, producing assets with attractive development opportunities. We look forward to working with our new colleagues.”
US: Vitol’s Vencer Energy makes first investment to acquire Midland Basin assets
03 May 2021
Vencer Energy, has agreed to acquire
Hunt Oil Company’s Midland Basin assets for an undisclosed sum. It is Vencer’s first acquisition since it was established by Vitol last year.
The assets comprise 44,000 acres across five counties in the Midland Basin, with current daily production of approx. 40 mboepd.
Don Dotson, President and CEO, Vencer said: We are delighted with this acquisition which realizes our vision for Vencer as the owner of quality, mature, producing assets with attractive development opportunities. We look forward to working with our new colleagues.
By Reuters Staff
(Corrects unit in second paragraph)
April 30 (Reuters) - Energy trader Vitol on Friday said its U.S. upstream company, Vencer Energy LLC, has announced it has agreed to acquire Hunt Oil Company’s Midland Basin assets for an undisclosed sum.
The assets comprise 44,000 acres across five counties in the Midland Basin, with current daily production of about 40,000 barrels of oil equivalent per day (mboepd), Vitol said in a statement. (Reporting by Arpan Varghese in Bengaluru and Julia Payne in London)
Vitols Vencer Energy makes first investment to acquire Midland Basin assets
édité le 30/04/2021 - Plus de news de Vitol - Voir la fiche entreprise de Vitol
Vitols US upstream company, Vencer Energy LLC (Vencer), has today announced it has agreed to acquire Hunt Oil Companys Midland Basin assets for an undisclosed sum. It is Vencers first acquisition since it was established by Vitol last year.
The assets comprise 44,000 acres across five counties in the Midland Basin, with current daily production of approximately 40 mboepd.
Don Dotson, President and CEO, Vencer said: We are delighted with this acquisition which realizes our vision for Vencer as the owner of quality, mature, producing assets with attractive development opportunities. We look forward to working with our new colleagues.
CORRECTED-Vitol says U S unit to acquire Hunt Oil s Midland basin assets reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.