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New Deal


Announced

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

Synopsis

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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