Vital Energy Inc.

Vital Energy Inc. announces that, further to its December 5, 2023 news release, its existing $10 million credit facility has been assigned from the existing lender, a company controlled by Mr. Hai Zhou , to an arm's length third party lender. ?The terms of the Credit Facility remain unchanged, such that the Credit Facility matures on December 4, 2024 and ?funds advanced bear interest at a rate of 12% per annum, payable on [...]

Vital Energy Inc., a Delaware corporation , today announced that it has amended its previously announced cash tender offer for its 9.750% senior notes due 2030 . The Company is amending the maximum amount of 2030 Notes it will repurchase in the Tender Offer from $100,000,000 aggregate principal amount to $197,636,000 aggregate principal amount and the expiration date of the Tender Offer to 5:00 p.m., New York City time [...]

Vital Energy Inc., a Delaware corporation , today announced the pricing of its previously announced private placement offering , upsized to $200.0 million in aggregate principal amount, of 7.875% senior notes due 2032 at 100.75% of par, plus accrued and unpaid interest from March 28, 2024, in a private placement to eligible purchasers. The Offering is expected to close on or about April 3, 2024, subject to the [...]

Vital Energy Inc., a Delaware corporation , today announced that it intends to offer , subject to market and other conditions, $100.0 million in aggregate principal amount of 7.875% senior notes due 2032 in a private placement to eligible purchasers. The Company intends to use the net proceeds from this offering, if completed, to repay or repurchase indebtedness, including in connection with the funding of the purchase [...]

Vital Energy Inc., a Delaware corporation today announced the early results of its previously announced cash tender offers to purchase for cash up to $550.0 million aggregate principal amount of up to $475.0 million of its 10.125% senior notes due 2028 and up to $75.0 million of its 9.750% senior notes due 2030 , subject to the terms and conditions set forth in the Offer to Purchase, dated March 14, 2024 . In addition [...]

Vital Energy Inc., a Delaware corporation , today announced the pricing of its previously announced private placement offering , upsized to $800.0 million in aggregate principal amount, of 7.875% senior notes due 2032 at 100% of par in a private placement to eligible purchasers. The Offering is expected to close on March 28, 2024, subject to the satisfaction of customary closing conditions. The Company intends to use the [...]

Vital Energy Inc. today announced that it has commenced cash tender offers to purchase for cash up to $550.0 million aggregate principal amount of the outstanding notes listed in the table below, provided that the Company will not accept for purchase more than $475.0 million of its 10.125% senior notes due 2028 and $75.0 million of its 9.750% senior notes due 2030 , subject to certain conditions. The terms and conditions [...]

Vital Energy Inc., a Delaware corporation , today announced that it intends to offer , subject to market and other conditions, $575.0 million in aggregate principal amount of senior notes due 2032 in a private placement to eligible purchasers. The Company intends to use the net proceeds of the Offering, if completed, together with existing corporate liquidity, to fund the purchase for cash of up to $475.0 million [...]

Reports record total and oil production for 4Q-23 and FY-23 Plans to invest $750 - $850 million, increasing FY-24 oil production ~10% from 4Q-23 exit Updates development inventory to >10 years of oil-weighted locations TULSA, OK, Feb. 21, 2024 -- Vital Energy Inc. today reported fourth-quarter and full-year 2023 financial and operating results and provided its 2024 outlook. Supplemental slides have been posted to the [...]

Vital Energy Inc. today announced the second acquisition of additional working interests in producing assets associated with the recent asset acquisition from Henry Energy LP, Moriah Henry Partners LLC and Henry Resources LLC for total consideration of approximately $78 million1. The purchase increases Vital Energy's working interest in 54 producing, low-decline wells by an average of 67%, increasing the Company's [...]