Vital Energy to acquire Midland Basin operator Driftwood Energy Operating
Vital Energy (formerly Laredo Petroleum), an Oklahoma-based oil and gas company, will acquire the Permian Basin-focused Driftwood Energy Operating in a cash-stock deal. Under the agreement, Driftwood Energy Operating, an upstream oil and gas company, will receive $127.6 million and 1,578,948 shares of Vital Energy, which is listed on the New York Stock Exchange (NYSE). […]