Vital Energy added even more working interests in Permian Basin assets acquired from Henry Energy LP last year at a purchase price discounted versus recent deals, an analyst said.
The purchase increases Vital Energy’s working interest in 54 producing, low-decline wells in the Permian basin by an average of 67%, increasing the company’s estimated 2024 production by approximately 1,850 boed (51% oil) and estimated 2024 Free Cash Flow by approximately $25 million.
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Granite Ridge Resources, Inc. today provided an operational update and released select preliminary fourth-quarter 2023 results. The Company also provided details for the Company’s fourth-quarter.
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