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Vitol Establishes US upstream venture

Source: www.gulfoilandgas.com 7/20/2020, Location: North America

Vitol has established Vencer Energy, LLC. Vencer will seek to acquire mature, producing oil and gas assets, with a specific focus on key basins in the US Lower 48. It will be led by industry veteran Don Dotson as President and Chief Executive Officer.

Dotson commented, “I am looking forward to leveraging my decades of industry experience operating in multiple basins to build a large-scale oil and gas enterprise.”

Ben Marshall, Head of Vitol Americas, said “Vitol has more than 20 years of experience developing and operating E&P assets globally. Vitol’s strong balance sheet and global operating experience coupled with Don’s extensive US-focused technical and operating experience is a powerful combination of capabilities for success.”

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