One-Page Deal Sheet
Vital Energy Acquires Delaware Basin Property From PE-Backed E&P
Vital Energy, Inc. Point Energy Partners Petro LLC
Announced Date
July 28,2024
Effective Date
April 01,2024
Close Date
September 20,2024
Transaction Type
Asset
Enterprise Value (EV)($MM)
880
Asset/Basin:
["Delaware Basin", "Permian Basin"]
TargetZones:
["Third Bone Spring"
Net Acres
% Oil:
Net Operated Locations:
PDP PV-10 ($MM)
EbitDAX : Ebitdax_multple
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin
Country
United States
State
Texas
County
Ward ,Winkler
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Residual Metrics Residual Value
Transaction Details: Require Private Equity Subscription
Vital Energy said it will be acquiring assets from PE-backed Point Energy Partners. The assets (16,300 net aces) are located in the Delaware Basin mostly in Ward county, some in winkler county (see map below) for a purchase price of $880 million. Production as of April '24 was 30,000 boe/d (67% oil). It includes 68 gross (49 net) locations.
The purchase agreement was signed in partnership with Northern Oil who will acquire 20% while Vital will acquire 80%. The asset details above represents Vital's net.
The transaction is expected to close by the end of the third quarter of 2024 with…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Mar-10-2026 |
-  |
- |
Click here | Texas | E&P |
| Sep-02-2025 |
- |
- |
Click here | Texas | E&P |
| May-07-2025 |
- |
- |
Click here | New Mexico | E&P |
| May-03-2025 |
- |
- |
Click here | New Mexico | E&P |
| Nov-13-2024 |
- |
- |
Click here | New Mexico | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jul-30-2024 | Permian Resources Acquires More Delaware Basin Property | - |
- |
| Jun-12-2024 | Matador Resources Acquires PE-Backed Ameredev For $1.9 Billion | - |
- |
| Jan-04-2024 | APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal | - |
- |