Investment Highlights Significant Free Cash Flow Limited capex required to keep production flat, supporting free cash flow Dividend Payer Additional 0.50 per share dividend to be paid second quarter of 2023 High Quality and Long Duration…
Vitesse Asset Overview Vitesse is a non-operated working and mineral interest owner of oil and gas assets primarily in the Bakken oil field in North Dakota 11.5 MBoe/d (1) 67% Asset diversification and strong inventory of undeveloped…
Acreage in the Core of the Williston Basin with Exposure to Leading Operators 17% 20% Continental Other 3% Conoco 15% Grayson Mill 20% 8% Chord 29% Hess 8% Other Civitas 1Q23 Net Production: 11,524 Boe/d 10% Continental…
Returns-Based Capital Allocation Framework Near-Term Fixed Organic Development Asset Share Debt Dividend Capex Acquisitions Acquisition Buybacks Paydown 0.50 per Share Attractive Asset Strategy Demonstrated Opportunistic Target…
Our Proprietary Processes Enable Us to Scale Assets Without Adding G&A Data Modeling Proactive Asset Management Because there is no off-the-shelf software for Vitesse uses data from Luminis to Vitesse has a forensic team of in-house…
Board of Directors Bob The Board includes a variety of executive, Gerrity Mr. Gerrity invested his own capital in the beginning of what would become Vitesse operational, and financial experience Executive Chairman & Prior to founding…
Appendix
Reconciliation of 1P PV-10 and PDP PV-10 (non-GAAP financial measures) 2022 ( in millions) Vitesse Energy, LLC Vitesse Oil, LLC Combined Standardized measure 1,179,984 65,626 1,245,610 Plus: Federal income taxes, discounted at 10% 0…
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