One-Page Deal Sheet
Vital Energy Spends $1.1 Billion to Acquires Assets from Three Permian Cos.
Vital Energy, Inc. Henry Resources Llc, Maple Energy, Tall City Exploration III LLC
Announced Date
September 13,2023
Close Date
November 06,2023
Transaction Type
Asset
Enterprise Value (EV)($MM)
1165
Asset/Basin:
["Permian Basin", "Midland Basin", "Delaware Basin"]
TargetZones:
[]
Net Acres
% Oil:
EbitDAX : Ebitdax_multple
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin,Permian - Midland Basin
Country
United States
State
Texas
County
Reeves ,Upton ,Midland
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Vital Energy, said that it is acquiring assets through a series of transactions valued at approximately $1.165.
The agreements were signed with Henry Energy LP and Henry Resources, PE-backed Tall City Property Holdings III LLC and Maple Energy Holdings, LLC. The transactions, are all expected to close in the fourth quarter of 2023.
The combined transactions will add nearly 53,000 net acres and proved reserves of approximately 248 million barrels of oil equivalent4 ("BOE"), 44% oil, estimated as of year-end 2022. The transactions will increase Vital Energy’s current production by…
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