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Announced

Vitol-backed VTX Energy Partners to acquire Delaware Basin Resources.

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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United States

Friendly

Pending

Single Bidder

Integrated Oil and Gas

Private

Cross Border

Majority

drilling services

Acquisition

Synopsis

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Vitol-backed VTX Energy Partners, an oil and gas company, agreed to acquire Delaware Basin Resources, a oil and gas company. Financial terms were not disclosed. “The opportunity to go back to work in the southern Delaware Basin, combined with the opportunity to do so with the DBR asset base and team is very exciting. With Vitol’s unique market insights, expertise and funding capabilities, we expect this transaction will serve as the foundation for growing a highly profitable US lower 48 focused upstream business over the next decade," Gene Shepherd, VTX CEO.

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