Petro-Hunt Permian LLC, Dallas, completed the acquisition from APR Operating LLC (dba Admiral Permian Resources) of predominantly operated oil and gas production and leasehold in Northwest Reeves and Northeast Culberson Counties, Tex., in the Delaware basin.
Current gross operated production from the assets being acquired is about 7,000 b/d of oil and 100 MMcfd on 21,430 net acres. Petro-Hunt plans to begin an active development drilling program on the assets later this year.
