Vital Energy Inc. - Company Profile
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Business Description
Vital Energy Inc (Vital Energy) is an integrated oil and gas company that carries out upstream and midstream operations primarily in the Permian Basin of West Texas. The company operates through five product categories: Oil Sales, NGL Sales, Sales Of Purchased Oil and Other Operating Revenues. The company had 286,796 net acres in the Permian Basin and had five drilling rig and two completion crews drilling horizontal wells. In FY2024, the company sold 48,987 million barrels of oil equivalent (Mmboe). As of December 2024, the company had total estimated proved reserves of 183,140 of proved developed and undeveloped reserves, 139,650 MBbl of natural gas liquid (NGL) and 794,909 million cubic feet (MMcf) of natural gas. In FY2024, the company had 2,679 wells, of which 1,126 were vertical wells and 1,553 were horizontal wells. It also had 1,851 net wells in FY2024. In FY2024, the company incurred a capital expenditure of US$887.8 million, which was 45.5% of the company’s total revenue and grew 40.6% YoY.
Product Categories
Overview
Includes the revenue from the sale of natural gas to contracted midstream entities for processing.
Performance
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Overview
Includes revenue from the sale of Natural Gas Liquids after being processed by the company’s contracted midstream processing entity.
Performance
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Overview
Sells produced oil through contracts. Delivers the sold oil to the customer’s wellhead or inlet of pipeline or truck unloading facility.
Performance
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Performance
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Overview
Engages in the repurchase of sold oil at a downstream delivery point. Sells the purchased oil to the final customer.
Performance
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