Vital Energy, Inc. Unaudited pro forma condensed combined financial informationPurchase Agreement • June 15th, 2023 • Vital Energy, Inc. • Crude petroleum & natural gas
On February 14, 2023, Vital Energy, Inc., a Delaware corporation (“Vital” or the “Company”), as buyer, and Driftwood Energy Operating, LLC, a Delaware limited liability company, as seller, entered into a purchase and sale agreement (the “Purchase Agreement”). Pursuant to the Purchase Agreement, Vital acquired certain oil and gas properties in the Midland Basin, including approximately 11,200 net acres located in Upton and Reagan Counties and related assets and contracts (the “Driftwood Acquisition”). On April 3, 2023, Vital completed the Driftwood Acquisition pursuant to the Purchase Agreement.
