VTX divests 46,000 surface acres to LandBridge
The $245 million cash sale is for acreage in the Southern Delaware Basin, with VTX retaining 40,000 boepd production.
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Oil and gas exploration and production company
vtxep.comLast updated
In short: VTX Energy Partners, a Vitol subsidiary, agreed to be sold to Verde Operating Company following a $245 million surface acreage divestment.
The $245 million cash sale is for acreage in the Southern Delaware Basin, with VTX retaining 40,000 boepd production.
The acres are contiguous with its March acquisition, expanding the Delaware Basin position to 47,000 net acres.
The deal includes associated surface and water businesses and marks VTX's first acquisition since its formation.
VTX combines Vitol's global trading capabilities with ATX's operational expertise.
Verde's deal for VTX comes with 47,600 net acres and 43,000 boe/d in the Delaware Basin.
A reported $2.3 billion Delaware Basin process, a completed Haynesville transaction, and a weekend repricing of crude risk.
Vitol Group is in late-stage talks to sell shale-oil venture VTX Energy Partners LLC to two private equity buyers — Carnelian Energy Capital and EnCap...
Vitol has agreed to sell its US upstream arm, VTX Energy Partners, to Houston-based Verde Operating Company, the trading giant revealed Friday. When approached by...
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