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Vitesse Energy to Acquire Lucero Energy in All-Stock Transaction
Dec 16, 2024•over 1 year ago
Contract Type
agreement
Greenwood VillageEnergyOil And Gas
Description
Vitesse Energy, Inc. has announced the acquisition of Lucero Energy Corp. in an all-stock transaction with a fully diluted equity value of US$222 million. The addition of Lucero’s operations will provide additional scale to Vitesse’s assets across the Bakken, with the anticipation of paying the dividend and increased liquidity for making future acquisitions.
Company Information
Company
Vitesse Energy
Location
Greenwood Village, Colorado, United States
About
Vitesse Energy, Inc. is an energy company focused on oil assets primarily in the Bakken. The company is listed on the NYSE under the ticker symbol VTS and aims to enhance shareholder returns through strategic acquisitions and operational efficiencies.
Predictive Intelligence
Strategic
ML-powered predictions for Vitesse Energy's next move
Greenwood VillageEnergyOil And Gas