One-Page Deal Sheet
Vitesse Energy Acquires Lucero Energy — Williston Basin / Bakken
Vitesse Energy Lucero Energy Corp.
Announced Date
December 16,2024
Close Date
March 07,2025
Transaction Type
Corporate
Location
Calculated Metrics( EV/Category)
Country
United States
Play
Production Production
Calculated Metrics( EV/Category)
Transaction Details: Subscribe to see
Vitesse Energy and Lucero Energy announced a definitive all-stock agreement on December 16, 2024, under which Vitesse would acquire Lucero for a fully diluted equity value of US$222 million. Lucero shareholders received 0.01239 of a Vitesse share per Lucero share. Lucero brought approximately 6.4 Mboe/d of two-stream net Bakken production as of Q3 2024, no outstanding debt, and US$56 million in cash — with Vitesse intending to use a portion of that cash to reduce its own revolving credit facility at closin
The acquisition closed on March 7, 2025, following approval by both Vitesse…
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