Vitol Inc.’s US upstream company, VTX Energy Partners LLC, has agreed to acquire 12,000 net leasehold acres in the Delaware basin. Neither the purchase price nor the seller was disclosed.
The deal comes on the heels of the company’s initial acquisition, that of Delaware Basin Resources, Midland, announced in January (OGJ Online, Jan. 19, 2023).
The latest deal, which Vitol says includes acres contiguous to its first deal and current daily production of about 4,000 boe/d, brings the company’s total southern Delaware basin position to 47,000 net acres. The newly acquired assets also include associated water infrastructure.
VTX Energy Partners is the successor company to ATX Energy Partners, an Austin-based oil and gas company pursuing an acquisition and development strategy in the US Lower 48. Vitol described VTX as a complement to Vencer Energy, Vitol’s existing upstream partnership in the Midland basin (OGJ Online, July 22, 2020).