Vitol has agreed to sell the assets of vencer energy to civitas resources

Houston--(business wire)--vitol has agreed to sell the assets of vencer energy to civitas resources for $2.15 billion, subject to customary terms, conditions, and closing price adjustments. established in 2020, vencer energy acquired its foundational asset base comprised of 44,000 net acres in the midland basin in june 2021. since then, production across its acreage has increased from approximately 40 mboepd to 60 mboepd. ben marshall, head of vitol americas, said: “we are pleased to announce t.
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