04/30/2021 | Press release | Distributed by Public on 04/30/2021 12:51
April 30, 2021
Vencer Energy LLC (Vencer), 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 approximately 40 mboepd. It is Vencer's first acquisition since it was established by Vitol last year.
Latham & Watkins LLP represents Vencer Energy LLC in the transaction with a corporate deal team led by Houston partner Stephen Szalkowski, with associates Thomas Hillebrand, Alice Parker, Corey Allen, Rebecca Kendall, Luke Strother, and Austin Sheehy. Advice was also provided on tax matters by Houston partner Jim Cole, with associate Emily Fawcett; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum; and on antitrust matters by Washington, D.C. partner Jason Cruise and counsel Sydney Smith.