Vitol’s Vencer Energy to acquire certain assets of Hunt Oil Company
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Vitol’s US upstream company Vencer Energy has signed an agreement to acquire Hunt Oil Company’s assets in Midland Basin.
The assets considered for acquisition include 44,000 acres across five counties in the Midland Basin.
These assets have a current daily production of approximately 40 million barrels of oil equivalent per day (boepd).
The deal marks Vencer’s first acquisition since its launch in 2020 by Vitol. Vencer aims to acquire mature, producing oil and gas assets, with a specific focus on key basins in the US Lower 48.