Disclaimer Forward Looking Statements This presentation contains forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act of 1933 and the Securities…
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 fourth quarter of 2023 High Quality and Long Duration…
Returns-Based Capital Allocation Framework Near-Term Fixed Organic Development Asset Share Debt Dividend Capex Acquisitions Acquisition Buybacks Paydown 0.50 per Share Deep Inventory Strategy Demonstrated Opportunistic Target…
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 11.0 MBoe/d (1) 67% Asset diversification and strong inventory of undeveloped…
Acreage in the Core of the Williston Basin with Exposure to Leading Operators 18% 21% Chord Other 17% Grayson Mill 20% 30% Chord 8% Other Hess 3Q23 Net 10% Production: Continental 11,009 Boe/d Working Interest Rigs on…
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…
Executive Team and Board of Directors Joined the predecessor of Gerrity Oil in in 1987 and worked The Board includes a variety of executive, Brian closely with Mr. Gerrity for almost nine years to grow and eventually merge Gerrity Oil…
Appendix
Reconciliation of 1P PV-10 and PDP PV-10 (non-GAAP financial measures) 2022 ( in thousands) Vitesse Energy, LLC Vitesse Oil, LLC Combined Standardized measure 1,179,984 65,626 1,245,610 Plus: Federal income taxes, discounted at 10%…
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