Petro-Hunt Acquires Delaware Basin Assets from Admiral Permian Resources

Petro-Hunt completed the acquisition of predominantly operated oil and gas production and 21,430 net acres of leasehold in the Delaware Basin from Admiral Permian Resources, according to a recent company release.

Petro-Hunt Acquires Delaware Basin Assets from Admiral Permian Resources

Petro-Hunt plans to commence an active development drilling program on the Delaware Basin assets acquired from Admiral Permian Resources later this year, the company said. (Source: Hart Energy)

Petro-Hunt LLC recently picked up Delaware Basin assets from Admiral Permian Resources, Dallas-based Petro-Hunt said in a company release on March 9.

According to the release, Petro-Hunt Permian LLC, a fully owned subsidiary of the company, completed the acquisition of the Delaware Basin assets from APR Operating LLC (dba Admiral Permian Resources). Terms of the transaction weren’t disclosed. 

Admiral Permian Resources is a privately held E&P company focused on the acquisition and development of oil and gas properties in the Permian Basin. The company, headquartered in Midland, Texas, is majority owned by funds managed by the private equity group of Ares Management LP and is also backed by Pine Brook and members of management.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access

Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.