Vital Energy Inc. - Company Profile
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Vital Energy Inc. (Vital Energy) is an independent energy company focused on the acquisition, exploration, and development of oil and natural gas properties. The company's main activities involve exploring and producing oil and natural gas, primarily in the Permian Basin of West Texas. Vital Energy's major products include oil and natural gas, which are extracted from its properties in the region. Its products are primarily used by industries requiring energy resources, such as utilities and manufacturing, and are distributed to various sectors that rely on oil and gas. Vital Energy operates in the Permian Basin, targeting markets in the Midland and Delaware Basins, specifically in counties like Crane, Glasscock, Howard, Midland, Reagan, Upton, Pecos, Reeves, and Ward. Vital Energy is headquartered in Tulsa, Oklahoma, the US.
Headquarters
United States of America
Address
521 E. Second Street South, Suite 1000, Tulsa, Oklahoma, 74120
Website
vitalenergy.com
Telephone
1 918 5134570
No of Employees
405
Industry
Energy and Utilities
Revenue (2024)
$2.0B
Vital Energy Inc. premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Crude Oil | Drilling |
| Natural Gas | Transportation |
| Natural Gas Liquids |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Ownership Changes | In December, the company was acquired by Crescent Energy Co. |
| 2024 | Contracts/Agreements | In December, the company entered into a partnership with Transpower to offer Radio Relay Links to refresh its TransGO network. |
| 2024 | Asset Purchase | In September, the company and NOG acquired certain assets of Point Energy Partners, LLC for US$205.0 million. |
Competitor Comparison
| Key Parameters | Vital Energy Inc. | Chord Energy Corp | Civitas Resources Inc | Murphy Oil Corp | Range Resources Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Tulsa | Houston | Denver | Houston | Fort Worth |
| State/Province | Oklahoma | Texas | Colorado | Texas | Texas |
| No. of Employees | 405 | 762 | 655 | 750 | 565 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| William E. Albrecht | Chairman | Executive Board | 2020 | 73 |
| Jason Pigott | President; Chief Executive Officer | Executive Board | 2019 | 51 |
| Bryan Lemmerman | Executive Vice President; Chief Financial Officer | Senior Management | 2023 | 50 |
| Katie Hill | Senior Vice President; Chief Operating Officer | Senior Management | 2023 | 37 |
| Mark D. Denny | Executive Vice President; General Counsel; Secretary | Senior Management | 2023 | 44 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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