Deal Insight
Vital Energy acquires Permian assets from three sellers for US$1.2 billion
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Permian small-cap Vital Energy (VTLE) is making another move for a value-boosting consolidation. Vital is acquiring three private companies – Tall City III, Maple Energy and Henry Resources – in one combined deal. Total consideration is US$1.2 billion and the deal will be funded through freshly issued equity, preferable convertibles and its secured credit facility. Scale offers both sustainability and resiliency and often greater cash flow diversification. VTLE has been on a buying run, purchasing ten asset packages since 2019. This deal is Vital's second move into the Delaware Basin since May and its third accretive Permian transaction this year.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Henry Resources
- Tall City
- Maple
- Deal analysis
-
Upsides and risks
- Upsides:
- Risks:
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Deal analysis: Table 4
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Permian acreage
- Upstream assets: Table 1
What's included
This report contains:
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