11750 KATY FWY
HOUTSON, TX 77079
Vencer Energy is an upstream oil and gas company seeking to invest in and operate large producing assets in the US.
The company looks for quality assets, with stable and successful long-life production. Based in Houston, Texas, Vencer Energy is led by an experienced independent management team and is backed by Vitol, a leading energy and commodities company that trades over seven million barrels of crude oil and products a day.
The management team at Vencer is led by President & CEO, Don Dotson who has 32 years of energy industry experience, both as an engineer and, latterly, in key management positions. Previously Don served as President and CEO for Sable Bay Energy and as President and COO for Plantation Petroleum Company.
Permian Basin is a shale basin about 250 miles wide and 300 miles long, spanning parts of west Texas and southeastern New Mexico. It includes the highly-prolific Delaware and Midland sub-basins.
The Permian Basin, which spans western Texas and eastern New Mexico, represents the most prolific hydrocarbon production region in the United States. They accounted for about 30% of U.S. crude oil production and 14% of U.S. natural gas production (measured as gross withdrawals) in 2020. Technology innovations, such as longer lateral wells and multi-well pad drilling, has helped reduce costs and increase productivity in developing oil and natural gas resources in the Permian Basin.
Spraberry Trend covers a large area – around 2,500 square miles. As most often defined, the Spraberry includes portions of Irion, Reagan, Upton, Glasscock, Midland, and Martin Counties. In 2007, the U.S. Department of Energy ranked The Spraberry Trend third in the United States by total proved reserves, and seventh in total production. Estimates have the Spraberry Shale holding up to 10 billion barrels of oil as well as 3 trillion cubic feet of natural gas. Global Hunter estimates the play’s potential recovery resources range from 4.2 to 8.8 billion BOE
Air Permits Texas
Vitol’s US upstream company Vencer Energy has signed an agreement to acquire Hunt Oil Company’s assets in Midland Basin. The assets considered for acquisition include 44,000 acres across five counties in the Midland Basin.
These assets have a current daily production of approximately 40 million barrels of oil equivalent per day (boepd).
The deal marks Vencer’s first acquisition since its launch in 2020 by Vitol. Vencer aims to acquire mature, producing oil and gas assets, with a specific focus on key basins in the US Lower 48.
Vitol Americas head Ben Marshall said: “This is an important day for Vencer as it establishes itself as a significant shale producer in the US Lower 48.