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Agreement signedPublished 15 Feb 2023

Vital Energy, Inc. /
Driftwood Energy Operating, LLC

Vital Energy agrees to purchase Driftwood oil and gas properties

Price
$127.6m
Stage
Agreement signed
Buy side: Vital Energy, Inc.
Buy sideVital Energy, Inc.
Target: Driftwood Energy Operating, LLC
TargetDriftwood Energy Operating, LLC
Source · 15 Feb 2023
See the source
Buy side: Vital Energy, Inc.
Buy sideVital Energy, Inc.
Target: Driftwood Energy Operating, LLC
TargetDriftwood Energy Operating, LLC
01 / BuyerVital Energy, Inc.
02 / TargetDriftwood Energy Operating, LLC
01

What happened

Vital Energy, Inc. agreed to purchase oil and gas properties from Driftwood Energy Operating, LLC in the Midland Basin. The assets include approximately 11,200 net acres in Upton and Reagan Counties, along with related assets and contracts.

The purchase price includes $127.6 million in cash, subject to customary closing price adjustments, and 1,578,948 shares of common stock.

02

The source

Everything on this page comes from the source below.

01
Source · Original source

Vital Energy agrees to purchase Driftwood oil and gas properties

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03

Timeline

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  1. Published by the source

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