Acquisitions & Divestitures

Vencer Energy Makes Debut with Acquisition of Hunt Oil’s Permian Position

The acquisition—Vencer Energy’s first since its launch by energy trader Vitol last year—comprises Hunt Oil’s Midland Basin position covering 44,000 acres across the Permian in West Texas.

Emily

Patsy

HartEnergy.com

Darren

Barbee

Oil and Gas Investor

Fri, 04/30/2021 - 10:20 AM

Vencer Energy Makes Debut with Acquisition of Hunt Oil’s Permian Basin Position

Vitol established its Houston-based upstream oil and gas subsidiary, Vencer Energy, in July 2020 with Don Dotson as its president and CEO. (Source: Shutterstock.com)

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.

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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.

Darren Barbee

Darren Barbee is senior editor for Oil and Gas Investor magazine.

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