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)
Faith & Philanthropy with Feminist Leaders: Liveblog
On Thursday, April 29th, the
Philanthropy Women team gathered with honored guests for the next webinar in our online conversation series:
Faith and Philanthropy: How To Live Out Your Beliefs Through Your Giving.
From the changing role of religious institutions in relation to nonprofits and how ways of giving have evolved over time, the latest iteration in our webinar series examined how we as women in philanthropy can live out our faith through our giving practices.
Moderated by Kiersten Marek, the day’s panel included: Yolanda F. Johnson, Founder of Women of Color in Fundraising and Philanthropy and President of Women In Development, New York; Dr. Helen LaKelly Hunt, author of Faith and Feminism: A Holy Alliance and lifelong donor activist for women; Emily Nielsen Jones, President of the Imago Dei Fund; Dr. Jane Karlin, Adjunct Professor, NYU, and Board Member, Women of Reform Judaism; and Nikki Toyama-Szeto, Executive D
Vitol Enters Into Permian Shale With Hunt Oil Deal
David Wethe, Bloomberg News A natural gas well being drilled in the Eagle Ford shale in Karnes County, Texas. , Photographer: Eddie Seal/Bloomberg
(Bloomberg) Vitol Group is buying Hunt Oil Co.âs Permian Basin business as the biggest independent crude trader makes a major move into the worldâs busiest shale patch.
The deal includes 44,000 acres across five counties in the Midland Basin of West Texas with the equivalent daily output of about 40,000 barrels of oil a day, the company said in a statement on Friday. Itâs the first acquisition for Vencer Energy LLC, the U.S. oil exploration unit formed by Vitol last year. While a purchase price was not disclosed, earlier in the week Huntâs Permian assets were said to possibly command more than $1 billion, according to a person with knowledge of the matter.
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.