Hunt Oil Company

What Hunt Oil Company does

Hunt Oil Company is a privately held, family-controlled independent energy company headquartered in Dallas, Texas, founded in 1934 by H.L. Hunt. The company operates across the full upstream value chain — wildcat exploration, development, production, and enhanced oil recovery — holding approximately 550,000 acres of U.S. mineral rights (including 120,000 net operated acres in the Williston Basin plus positions in the Permian, Eagle Ford, and East Texas) and operating more than 600 horizontal wells. It is one of the few independents with LNG as a major line of business: it operates the Peru LNG facility (35% interest, the only LNG export plant in South America, commissioned 2010) and holds a 17.2% non-operated stake in Yemen LNG, supported by the world's highest-altitude natural gas pipeline (4,900+ m, Andes crossing). Hunt also holds a 25.2% non-operated interest in Peru's Camisea gas fields and has active exploration or production positions in Kurdistan, Tunisia, Morocco, Romania, and (newly) Venezuela's Orinoco Belt. The technology stack is built on proprietary 3D seismic workflows, subsurface G&G expertise, and real-time frontend prediction platforms for portfolio optimization.

Revenue is generated primarily through commodity sales of crude oil and natural gas at market prices, supplemented by LNG export sales and partnership/joint-venture income proportional to ownership stakes in consortia. Distribution is direct B2B to refineries, energy traders, and global LNG buyers (including markets in the U.S., India, and Europe), with monthly royalty/owner payments processed through its Owner Relations division (using EnergyLink) and supplier invoices via OpenInvoice. The go-to-market motion is enterprise field sales paired with a corporate development group that actively pursues strategic acquisitions and JVs (e.g., the December 15, 2025 framework agreement with Baker Hughes for global mature-field redevelopment).

The customer base is overwhelmingly enterprise/government counterparties — energy majors (Shell, TotalEnergies), national oil companies (PDVSA, Government of Peru via Camisea), and consortium partners (MidOcean Energy, Marubeni, HKN Energy, Crossover Energy). Pricing is commodity-indexed (oil and gas spot and contract pricing) rather than tiered, with monthly billing and a $100 minimum royalty payment threshold. The company is led by third-generation CEO Hunter Hunt and is controlled by the Hunt family with no external institutional shareholders.

Name

Hunt Oil Company

Legal name

Hunt Oil Company

Website

https://huntoil.com

Company type

Private

Founded year

1934

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Hunt Oil Company is a privately held, family-controlled independent energy company founded in 1934, engaged in oil and gas exploration, production, and LNG operations across North America, South America, the Middle East, Africa, and Europe, serving global energy markets and consortium partners.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration & Production

NAICS

Oil and Gas Extraction (2111), Natural Gas Extraction (21113), Crude Petroleum Extraction (211120), Natural Gas Extraction (211130), Oil and Gas Extraction (211)

SIC

Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Drilling & Well Construction (E&P Operator-led) (EUALAAAD)

akta.pro secondary industries

Conventional Natural Gas Exploration & Production (Dry Gas) (EUAAAAAA), LNG Contracting & Commercial (SPAs, Tolling, Offtake, Pricing) (EUALAFAF), LNG Environmental, Safety & Compliance (Methane, Flaring, ESG, Safety Cases) (EUALAFAL)

Keywords

• Oil exploration production
• Natural gas development
• LNG liquefaction operations
• Pipeline infrastructure
• Petroleum engineering services

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Oil and Gas Exploration & Production: Hunt Oil generates revenue through exploration, development, and production of crude oil and natural gas across domestic (U.S.) and international operations in the Middle East, Latin America, Africa, and Europe. Revenue is derived from the sale of produced hydrocarbons at market prices.
2. LNG Production and Sales: Hunt Oil operates LNG projects (Peru LNG and Yemen LNG) generating revenue through liquefaction and export of natural gas. The company processes stranded gas deposits and commercializes LNG to global buyers, leveraging ownership stakes in liquefaction facilities and pipelines.
3. Joint Venture and Partnership Income: As a non-operator partner in various consortia (Camisea Consortium, Yemen LNG), Hunt Oil receives revenue proportional to its ownership interests (Peru: 25.2%, Yemen: 17.2%) from production volumes allocated to its stake.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Hunt Oil Company explores for, develops, and produces crude oil and natural gas across U.S. basins (Williston, Permian, Eagle Ford) and international assets, while also operating and holding equity stakes in LNG and pipeline projects including Peru LNG (35% operator), Yemen LNG (17.2%), and the Camisea gas fields (25.2%). It monetizes produced hydrocarbons by selling crude, natural gas, and LNG to global energy buyers, and supplements production with consortium joint-venture income and mature-field redevelopment partnerships (e.g., Baker Hughes framework agreement).

Product overview

Hunt Oil Company is one of the world's leading independent energy companies with operations spanning traditional exploration, unconventional resource plays, complex pipeline and processing operations, and LNG projects as a major line of business. The company's core offerings include Exploration and Production Services across North America and internationally, the Peru LNG project (the only LNG export plant in South America), Yemen LNG operations, the Camisea gas fields in Peru, pipeline and processing infrastructure including the world's highest-altitude gas pipeline, and mature field redevelopment services through a partnership with Baker Hughes. Hunt operates in every continent except Antarctica with major presence in the Williston Basin, Permian Basin, Eagle Ford, Kurdistan, Tunisia, and Morocco.

Differentiator

Problem solved

Functional benefit

Brands

• PERU LNG: LNG export facility located in Melchorita-Cañete, Peru - the largest-ever private energy investment in Peru and the only LNG export plant in Latin America. Includes a 408km gas pipeline crossing the Andes Mountains.
• Yemen LNG

Products and services

• Exploration and Production Services Full-cycle exploration, development, and production of crude oil and natural gas across U.S. basins (Williston, Permian, Eagle Ford) and international assets. Hunt holds approximately 550,000 acres in the U.S., has drilled over 600 horizontal wells, and operates across 30 U.S. states in addition to Middle East, Latin America, Africa, and Europe operations.
• Peru LNG LNG export project at Melchorita-Cañete, Peru — the largest private energy investment in Peru and the only LNG export plant in South America. Includes a 408 km gas pipeline crossing the Andes. Hunt Oil holds a 35% operating interest (with Shell 20%, MidOcean Energy 35%, Marubeni 10%). Production: 576 LNG cargoes and 2,067 trillion BTUs in first 10 years (2010–2020).
• Yemen LNG LNG production facility at Balhaf, Yemen — the largest-ever private industry investment in Yemen. Includes a 320 km gas pipeline. Hunt Oil holds 17.2% interest; TotalEnergies is the operator with 39.6%. Currently under force majeure due to Yemen security situation.
• Camisea Fields (Peru) Non-operated 25.2% interest in the Camisea Consortium covering Block 88 and Block 56 in Peru's Ucayali Basin. Block 88 is the largest source of natural gas production in Peru and contains the largest Proved Reserves. Supplies gas to Peru LNG and the domestic Peruvian market.
• Pipeline and Processing Operations Complex pipeline and processing infrastructure including the 408 km Peru LNG gas pipeline (world's highest at 4,900+ meters), the 320 km Yemen LNG gas pipeline, the Malvinas Plant, and the Pisco Plant fractionation facility.
• Mature Field Redevelopment Services Joint service offering with Baker Hughes to evaluate and redevelop mature oil and gas fields worldwide, combining Baker Hughes' energy technologies and subsurface expertise with Hunt Oil's upstream exploration and development experience to extend the productive life of aging assets.
• Kurdistan Operations (Ain Sifni) Exploration and production operations in the Ain Sifni block in Kurdistan, where Hunt has operated since 2007 as one of the first U.S. companies in the region. Declared commerciality on the Simrit structure in 2013 with first production in 2016.
• Tunisia Exploration (Hezoua)

Quantifiable outcome

• 576 LNG cargo shipments in first 10 years of Peru LNG operations
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Baker HughescoreStrategic or Co-development Partner · 15 December 2025Baker Hughes and Hunt Oil Company signed a joint framework agreement on December 15, 2025, for the evaluation and redevelopment of mature oil and gas fields globally. Baker Hughes provides energy technologies and subsurface expertise while Hunt Oil contributes its upstream exploration and development experience to extend the productive life of aging assets.
• MidOcean EnergycoreStrategic or Co-development PartnerMidOcean Energy holds 35% stake in PERU LNG, the first LNG export plant in South America, co-investing alongside Hunt Oil Company (35% operator) in the largest private energy investment in Peru.
• ShellcoreStrategic or Co-development PartnerShell holds 20% stake in Peru LNG project and is a key partner in the Camisea Consortium. Shell is also expanding in Venezuela through agreements targeting offshore gas and Orinoco heavy oil resources.
• MarubeniminorStrategic or Co-development PartnerMarubeni holds 10% stake in Peru LNG project, participating in one of South America's largest natural gas resources development.
• TotalEnergiescoreStrategic or Co-development PartnerTotalEnergies is the operator of Yemen LNG with 39.6% ownership, working with Hunt Oil (17.2%) and other partners on the largest-ever private industry investment in Yemen.
• Crossover EnergyminorStrategic or Co-development PartnerHunt Oil and Crossover Energy signed non-binding agreements and letters of intent for oil projects in Venezuela, operating in the Orinoco Belt under U.S. Treasury authorization.
• HKN EnergyminorStrategic or Co-development PartnerHKN Energy signed letters of intent with Hunt Oil for oil projects in Venezuela, participating in the opening of Venezuela's energy sector alongside U.S. companies.
• PDVSA (Venezuela state oil company)minorStrategic or Co-development PartnerVenezuela signed agreements with U.S. firms including Hunt Oil and Crossover Energy to operate in the Orinoco Belt following easing of sanctions on PDVSA.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Apache Corporation: Independent E&P with significant Permian, Egypt, and North Sea operations. Comparable to Hunt in conventional-plus-unconventional mix, international consortium participation, and mid-sized independent positioning.
• Devon Energy: Large U.S. independent focused on the Delaware/Permian, Eagle Ford, Anadarko, and Williston basins with 600+ horizontal wells comparable to Hunt's U.S. drilling footprint. Closely comparable on unconventional U.S. operations scale.
• EOG Resources: Premier U.S. independent with premier acreage in the Permian, Eagle Ford, and Bakken plus selective international exposure. Comparable as a private-style operator with deep horizontal drilling inventory in the same U.S. basins Hunt operates.
• Hess Corporation: U.S. independent E&P with Bakken (Williston Basin), Guyana offshore, and Southeast Asia/Gulf of Mexico exposure. Comparable in scale, mix of mature U.S. assets with high-impact international projects, and joint-venture-driven growth model.
• Kosmos Energy: Independent E&P with West Africa (Ghana, Equatorial Guinea, Mauritania/Senegal) and U.S. Gulf of Mexico exposure, including a major LNG-tied development in Mauritania/Senegal. Comparable in frontier-international E&P model and LNG-linked gas commercialization similar to Hunt's Peru LNG playbook.
• ConocoPhillips: Large U.S.-headquartered independent E&P with global conventional and unconventional operations across North America, Europe, Asia Pacific, and the Middle East. Closely comparable to Hunt in its mix of legacy U.S. basins, international LNG-linked developments, and integrated upstream project execution.
• Murphy Oil: Independent E&P with U.S. onshore (Eagle Ford, Montney) and international (Malaysia, Vietnam, Mexico) operations. Comparable in mid-cap independent profile, diversification across U.S. and frontier international plays.
• Tullow Oil: Independent E&P focused on West Africa and South America (Guyana, Argentina). Comparable mid-cap independent with high political-risk country exposure, frontier exploration bias, and consortium-partner operating model.
• Occidental Petroleum: Independent E&P with major Permian Basin, Rockies, Gulf of Mexico, and international operations (including Middle East/North Africa). Comparable to Hunt in long-cycle project execution, U.S. unconventional footprint, and exposure to international partnership structures.

Broad incumbents

• Cheniere Energy: Largest U.S. LNG exporter (Sabine Pass, Corpus Christi). Hunt's Peru LNG operator role is directly comparable as a liquefaction-led LNG franchise, although Cheniere is a pure-play LNG specialist at substantially larger scale.

Market position

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hunt-oil-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hunt Oil Company