Vitol establishes US upstream venture
Vitol today announces that it has established Vencer Energy, LLC (“Vencer” or the “Company”).
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.”
About Vencer Energy, LLC
Vencer is focused on the acquisition of mature, producing oil and gas properties in the US. The corporate office is located at 2000 West Sam Houston Parkway South, Suite 750, Houston, TX. Please direct all business development inquiries to firstname.lastname@example.org.
Vitol is an energy and commodities company; its primary business is the trading and distribution of energy products globally – it trades over 8 million barrels per day of crude oil and products and, at any time, has 250 ships transporting its cargoes.
Vitol’s clients include national oil companies, multinationals, leading industrial and chemical companies and the world’s largest airlines. Founded in Rotterdam in 1966, today Vitol serves clients from some 40 offices worldwide and is invested in energy assets globally including: almost 100 million barrels of storage, 480 thousand barrels per day of refining capacity and circa 7,000 service stations across Africa, Australia, Brazil, Eurasia and in Northwest Europe. Revenues in 2019 were $225 billion.