Vencer Energy LLC agreed to acquire Hunt Oil Co.’s Permian Basin position on April 30 in a splashy debut reportedly worth more than $1 billion.

The assets comprise 44,000 acres across five counties in the Midland Basin, with current daily production of approximately 40,000 boe/d, according to a statement by Vencer, a U.S. upstream company backed by energy trader Vitol.

The terms of the transaction—Vencer’s first since its launch last year—were not disclosed.

Already have an account? Log In

Thanks for reading Hart Energy.

Sign Up now to get unmatched coverage of the oil and gas industry’s entire landscape.

Free Access