Vitol’s VTX to acquire Delaware Basin Resources
Vinson & Elkins advised VTX Energy Partners, LLC (“VTX”) in a definitive agreement to acquire Delaware Basin Resources (“DBR”) and associated surface and water businesses for an undisclosed sum.
The assets comprise of 35,000 net leasehold acres and 46,000 surface acres across Reeves and Pecos counties in the Delaware Basin, with current daily production of approximately 40 mboepd.
The Vinson & Elkins team was led by partners Bryan Loocke and Shay Kuperman, with assistance from counsels Elena Sauber, Megan Menniti and Joclynn Marsh, senior associates Caroline Kuehn and Michael Zarcaro and associates Kene Obi, John Larbalestier, Hunter Albritton, Laura Byrd, Sebastian Devora, Vestita Kuntz and Ben Zeter. Other key team members include senior associates Alex Turner and KJ Pedersen and associate Judy Park; partner Todd Way and associates Jeff Slusher and Adam Bateman; partner Becky Baker; partners Rick Sofield and Hill Wellford and senior associates Ryan Will and John Satira; partner Matt Dobbins and associate Ryan Vanderlip; associate Matt Green; partner Sarah Mitchell; and partner Guy Gribov and counsel Noelle Alix and Zach Rider.
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