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Announced

Completed

Vitol-backed Vencer Energy completed the acquisition of the Midland Basin asset of Hunt Oil.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Integrated Oil and Gas

midland basin

Private

United States

Majority

offshore oil and gas

Acquisition

Single Bidder

Friendly

Domestic

Infrastructure

Completed

Synopsis

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Vitol-backed Vencer Energy, an energy company, completed the acquisition of the Midland Basin asset of Hunt Oil Company, an integrated oil and gas company. Financial terms were not disclosed. “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," Don Dotson, Vencer President and CEO.

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