Vital Energy, Inc.

Website

Address

15 W. Sixth Street, Ste. 900
Tulsa, OK 74119

Phone

(918) 513-4570

Company Description

Vital Energy, Inc. is an independent energy company with headquarters in Tulsa, Oklahoma. Vital Energy’s business strategy is focused on the acquisition, exploration and development of oil and natural gas properties in the Permian Basin of West Texas.

Vital Energy (Laredo) ranks #19 in wells drilled in 2023 with 139 wells drilled in the US

Recent News

Vital Energy plans a modest drilling expansion in the Permian Basin for 2025, operating 4-6 rigs and 1-3 completions crews, while continuing to acquire acreage in West Texas. The company grew production by 39% in 2024 through acquisitions, including its largest-ever deal with Point Energy Partners, bringing its total leasehold to 286,796 net acres. To strengthen its financial position, Vital issued $1 billion in unsecured notes, expanded credit commitments to $1.5 billion, and hedged 75% of its 2025 oil production at $75/barrel WTI.

Operations

Howard County, TX ranks #6 in the state for BOE produced in the most recent month (Jun 2022). Laredo Petroleum ranks #14 for wells drilled in the Midland basin.

Midland County, TX ranks #1 in the state of Texas for BOE produced in the most recent month (Jun 2022).

Glasscock County, TX ranks #12 in the state for BOE produced in the most recent month (Jul 2022).

Reeves County, TX ranks #2 in the state for BOE produced in the most recent month (Aug 2022).

Upton County, TX ranks #7 in the state for BOE produced in the most recent month (Jun 2022).

Ward County, TX ranks #15 in the state for BOE produced in the most recent month (Aug 2022).