Vital Energy Inc. - Company Profile
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Vital Energy Inc (Vital Energy) is an independent energy company that acquires, explores, develops and produces oil and natural gas properties. It also gathers oil and liquid-rich natural gas from its properties, and offers midstream and marketing services. The company has operations in the Permian Basin in West Texas, which consists of four horizontal drilling targets namely, Upper, Middle and Lower Wolfcamp and Cline formations. It also operates secondary targets such as the Canyon, Spraberry, Strawn and ABW intervals. The company operates water recycling facilities, crude oil and natural gas gathering pipelines for connecting its operated wells at the Permian-Garden City. 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
326
Industry
Energy and Utilities
Ticker Symbol & Exchange
VTLE (NYSE)
Revenue (2022)
$1.5B
-19.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
10.1%
(2022 vs 2021)
Market Cap*
$2.0B
Net Profit Margin (2022)
XYZ
36.6%
(2022 vs 2021)
* As of and is in US$
Vital Energy Inc. premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Natural Gas | Transportation |
| Crude Oil | Drilling |
| Natural Gas Liquids |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Asset Purchase | In February, the company acquired additional stakes in Permian Basin. |
| 2023 | Asset Purchase | In December, the company acquired additional assets from Henry Energy LP, Moriah Henry Partners LLC, and Henry Resources LLC for US$55 million. |
| 2023 | Asset Purchase | In November, the company acquired oil and gas assets in the Delaware Basin from Tall City Exploration. |
Competitor Comparison
| Key Parameters | Vital Energy Inc. | Pioneer Natural Resources Co | Concho Resources Inc | Chord Energy Corporation | Civitas Resources Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Tulsa | Irving | Midland | Houston | Denver |
| State/Province | Oklahoma | Texas | Texas | Texas | Colorado |
| No. of Employees | 326 | 2,213 | 1,453 | 514 | 516 |
| Entity Type | Public | Public | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| William Albrecht | Chairman | Executive Board | 2020 | - |
| Jason Pigott | President; Chief Executive Officer; Director | Executive Board | 2019 | - |
| Bryan Lemmerman | Chief Financial Officer; Senior Vice President | Senior Management | 2020 | - |
| Katie Hill | Chief Operating Officer; Senior Vice President | Senior Management | 2023 | - |
| Mark D. Denny | Senior Vice President; Secretary; General Counsel | Senior Management | 2019 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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