VTX Energy Partners LLC
About
VTX Energy Partners will be the successor company to ATX Energy Partners, an Austin-based oil and gas company pursuing an acquisition and development strategy in the U.S. Lower 48. The management team has a proven track record of prudent asset management and value creation dating back to Brigham Exploration, which sold to Statoil for $4.7 billion in October 2011, and Brigham Resources, which sold to Diamondback Energy for $2.4 billion in December 2016.
Editor's note: Updated Feb. 7, 2022.
News
Acquisitive Public Minerals, Royalty Firms Shift to Organic Growth
Building diverse streams of revenue is a key part of growth strategy, executives tell Oil and Gas Investor.
In Inventory-Scarce Permian, Could Vitol’s VTX Fetch $3B?
With recent Permian bids eclipsing $6 million per location, Vitol could be exploring a $3 billion sale of its shale business VTX Energy Partners, analysts say.
Energy Trader Vitol Eyes $3B Sale of US Shale Producer, Sources Say
Global commodities trader Vitol is exploring a sale of its VTX Energy Partners business, in a deal that could value the U.S. shale oil and gas producer at as much as $3 billion, including debt, people familiar with the matter said.
LandBridge Closes Deal for 46,000 Surface Acres in Delaware Basin
LandBridge Co., which held a successful IPO in August, added about 53,000 acres and now holds about 273,000 acres.
LandBridge Expands in Southern Delaware Basin with $245MM Acquisition
LandBridge is acquiring approximately 46,000 largely contiguous surface acres in the Wolf Bone Ranch from a subsidiary of Vitol-backed VTX Energy Partners.
VTX Energy Quickly Ramps to 42,000 bbl/d in Southern Delaware Basin
VTX Energy’s founder was previously among the leadership that built and sold an adjacent southern Delaware operator, Brigham Resources, for $2.6 billion.
Vitol CEO: US Shale Gas Growing Source of Shipping, Trucking Fuel
International commodities trading house Vitol sees growing demand for U.S. shale gas to spur LNG exports to China, India and emerging economies in Asia.
Industry Consolidation Reshapes List of Top 100 Private Producers in the Lower 48
Public-private M&A brings new players to top slots in private operators list.
Exxon, Vitol Execs: Marrying Upstream Assets with Global Trading Prowess
Global commodities trading house Vitol likes exposure to the U.S. upstream space—while supermajor producer Exxon Mobil is digging deeper into its trading business, executives said at CERAWeek by S&P Global.
CEO: Vital Energy Sees ‘A Lot More Opportunity’ for Permian M&A
Vital Energy has pumped nearly $2 billion into Permian Basin acquisitions this year. To continue growing Vital’s oil weighting and inventory, CEO Jason Pigott sees opportunity for more deals.
Exclusive: Traditional Funding Sources Shy Away from Upstream [WATCH]
In this Hart Energy LIVE Exclusive, VTX Energy's Gene Shepherd describes how he thinks consolidation in the Permian is going to play out going forward.
A&D Minute: Expansions and Spinoffs Galore [WATCH]
In this week's A&D Minute, VTX Energy Partners expands its reach in the Southern Delaware Basin, Black Bear Transmission divests gas gathering assets in Mississippi and MDU Resources spins off subsidiary Knife River, in turn becoming a publicly traded company.
Exclusive: VTX Energy Adds More Southern Delaware Acreage, CEO Says
VTX Energy Partners, backed by Swiss energy trader Vitol, is expanding its southern Delaware Basin footprint to 47,000 net acres through a bolt-on acquisition, CEO Shepherd says.
A&D Minute: E&Ps Keep an Eye Out for Depth, M&A [WATCH]
In this week's A&D Minute, ConocoPhillips snaps up Canadian oil sands assets in a $3 billion deal, tripping up Suncor in the process, and VTX Energy and Stronghold Energy II stay open-minded to M&A in attempts to target depth.
VTX Seeks More Southern Delaware M&A, May Step Outside Permian
After closing an acquisition in Pecos and Reeves counties, Texas, with a value of at least $1.5 billion, Vitol-backed VTX Energy Partners aims to grow larger.