Northern Oil and Gas and Vital Energy embark on $1.1bn Delaware Basin acquisition

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Northern Oil and Gas and Vital Energy embark on $1.1bn Delaware Basin acquisition

Northern Oil and Gas, Inc. (NYSE: NOG) and Vital Energy, Inc. (NYSE: VTLE) have unveiled a joint acquisition of Point Energy Partners, LLC’s assets for $1.1 billion. This deal marks a significant expansion in both companies’ operational scope within the Delaware Basin, promising to enhance their portfolio with high-value development inventory. Major acquisition amplifies Delaware […]

Vital Energy to acquire Midland Basin operator Driftwood Energy Operating

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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). […]