Dallas-based Petro-Hunt Permian said March 9 it completed an acquisition from Admiral Permian Resources of oil and gas production and leasehold in Culberson and Reeves counties in Delaware Basin. Current gross operated production from these assets is about 7,000 b/d of oil and 100 million cfd of natural gas on 21,430 net acres. Petro-Hunt said it plans to begin a development drilling program on these assets later this year. Gross operated production capacity for Petro-Hunt and its subsidiaries and affiliates is now 57,000 b/d of oil and 220 million cfd of gas.