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

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.