Vital Energy Signs Three Definitive Agreements That Will Materially Add Scale In The Permian Basin; Combined, Transactions Have Total Consideration Of $1.1653B
Portfolio Pulse from Benzinga Newsdesk
Vital Energy has signed three definitive agreements with affiliates of Henry Energy LP, Henry Resources LLC, Tall City Property Holdings III LLC, and Maple Energy Holdings, LLC. The transactions, worth a total of $1.1653B, are expected to close in Q4 2023.
September 13, 2023 | 9:24 pm
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Vital Energy's agreements with Henry Energy, Tall City Property, and Maple Energy could significantly increase its scale in the Permian Basin. The transactions are expected to close in Q4 2023.
The agreements are expected to materially add scale for Vital Energy in the Permian Basin, which could potentially increase its production and revenues. This could have a positive impact on the company's stock price in the short term.
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