Acquiring Company
Vital Energy
Acquired Company
Midland Basin
TulsaEnergyOil And GasFinancial ServicesFinanceFintechAnalyticsBiomass EnergyDescription
Vital Energy, Inc. (NYSE: VTLE) ("Vital" or the "Company") today announced the signing of a definitive purchase and sale agreement to acquire the assets of Driftwood Energy Operating, LLC ("Driftwood"), inclusive of all leasehold interests and hedges, in exchange for 1,578,948 shares of Vital common stock and $127.6 million of cash. The transaction is expected to close early April 2023 with an effective date of January 1, 2023, subject to customary closing conditions.
Quick answer
Vital Energy is acquiring Midland Basin, announced February 14, 2023. Vital Energy is based in Tulsa, Oklahoma, United States.
- How much did Vital Energy pay for Midland Basin?
- The deal value was not disclosed.
- What does Vital Energy do?
- Vital Energy, Inc. is an independent energy company with headquarters in Tulsa, Oklahoma.
- Where are Vital Energy and Midland Basin based?
- Vital Energy is based in Tulsa, Oklahoma, United States.
- Who are the decision-makers at Vital Energy?
- Fundz holds 1 contact at Vital Energy. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Vital Energy, and when
When Vital Energy changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Vital Energy raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Vital Energy, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Midland Basin?
Midland Basin was acquired by Vital Energy, based in Tulsa. The deal was reported on February 14, 2023. Vital Energy, Inc. is an independent energy company with headquarters in Tulsa, Oklahoma. Vital Energy is privately held and operates in Energy.
When did Vital Energy acquire Midland Basin?
Vital Energy's acquisition of Midland Basin was reported on February 14, 2023. Vital Energy, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Midland Basin do?
Midland Basin is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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