THE VTX MANAGEMENT TEAM HAS AN ESTABLISHED TRACK RECORD BUILDING, DEVELOPING, AND OPERATING LARGE SCALE UPSTREAM ASSET POSITIONS AND INFRASTRUCTURE IN MULTIPLE U.S. LOWER 48 BASINS
VTX Energy Partners, LLC targets opportunities with established production and development profiles across the US lower 48, with particular emphasis on the Permian and Williston basins where the VTX management team has a track record of success. After securing financial backing from Vitol in February 2022, VTX Energy Partners became the successor company to ATX Energy Partners.
ATX was the successor company to Brigham Resources following the sale of its Delaware Basin assets to Diamondback Energy for $2.6 billion. At the time of the sale to Diamondback in February 2017, Brigham Resources was producing 8,500 Boe per day from roughly 80,000 net acres located in Pecos and Reeves counties, Texas. Brigham Resources had also built out substantial water, low pressure gas and SWD infrastructure to enhance the performance and profitability of its Delaware Basin position.
Prior to forming Brigham Resources, a subset of our management team oversaw the identification, acquisition, delineation and development by Brigham Exploration Company of approximately 375,000 net acres in the Williston Basin prior to its December 2011 sale to Statoil ASA for $4.4 billion. At the time of the sale to Statoil, Brigham Exploration was producing 14,000 Boe per day and had built out substantial water, low pressure gas and SWD infrastructure to enhance the performance and profitability of its Williston Basin position.