PURCHASE AND SALE AGREEMENT by and among GRANITE RIDGE HOLDINGS LLC, GREP IV-A PERMIAN LLC, and GREP IV-B PERMIAN LLC as Seller and Vital energy, inc. as Purchaser Dated December 21, 2023Purchase and Sale Agreement • December 22nd, 2023 • Vital Energy, Inc. • Crude petroleum & natural gas • Texas
This Purchase and Sale Agreement (this “Agreement”), is dated as of December 21, 2023 (the “Execution Date”), by and among Granite Ridge Holdings LLC, a Delaware limited liability company (“Granite Ridge”), GREP IV-A Permian LLC, a Delaware limited liability company (“GREP-A”), GREP IV-B Permian LLC, a Delaware limited liability company (“GREP-B” and, together with GREP-A and Granite Ridge, “Seller”, each a “Seller Party”) and Vital Energy, Inc., a Delaware corporation (“Purchaser”). Seller, on the one hand, and Purchaser, on the other hand, are referred to herein individually, as a “Party” and collectively, as the “Parties”.
Vital Energy, Inc. Unaudited Pro Forma Condensed Combined Financial InformationVital Energy, Inc. • December 22nd, 2023 • Crude petroleum & natural gas
On September 13, 2023, Vital Energy, Inc., a Delaware corporation (“Vital” or the “Company”), as buyer, entered into a purchase and sale agreement (the “Maple Purchase Agreement”), with Maple Energy Holdings, LLC (“Maple Properties Seller”). Pursuant to the Maple Purchase Agreement, Vital agreed to acquire certain oil and natural gas properties (the “Acquired Maple Assets”) located in the Delaware Basin including approximately 15,500 net acres located in Reeves County (“Maple Acquisition”).
