Petro-Hunt Completes Delaware Basin Acquisition

DALLAS–(BUSINESS WIRE)–Petro-Hunt Permian, LLC, a fully owned subsidiary of Petro-Hunt, L.L.C., has 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, Texas, in the Delaware Basin.

Current gross operated production from the assets being acquired is approximately 7,000 bopd and 100 mmcfpd on 21,430 net acres of leasehold. Petro-Hunt plans to commence an active development drilling program on these assets later this year.

Petro-Hunt, L.L.C. is a privately owned exploration and production company headquartered in Dallas, TX. Including the acquired assets Petro-Hunt and its subsidiaries and affiliates’ current gross operated production capacity is approximately 57,000 bopd and 220 mmcfpd.

For further inquiries regarding this press release, you may contact Douglas Hunt at email dhhunt@petrohunt.com or phone 214-880-8482.

Contacts

Douglas Hunt

dhhunt@petrohunt.com
214-880-8482