Vital Energy, Inc. Unaudited Pro Forma Condensed Combined Financial InformationVital Energy, Inc. • August 22nd, 2023 • Crude petroleum & natural gas
On May 11, 2023, Vital Energy, Inc., a Delaware corporation (“Vital” or the “Company”), and Northern Oil and Gas, Inc. (“NOG”, and together with Vital, “Purchaser”) entered into a purchase and sale agreement (the “Purchase Agreement”), with Forge Energy II Delaware, LLC, an Encap portfolio company (“Forge” or the “Seller”). Pursuant to the Purchase Agreement, Vital and NOG jointly agreed to acquire Forge’s oil and natural gas properties located in the Delaware Basin in Ward, Reeves and Pecos Counties. The Company agreed to acquire an undivided 70% of Forge’s oil and natural gas properties, or 24,000 net acres (the “Assets” and the acquisition thereof, the “Forge Acquisition”) and NOG agreed to acquire an undivided 30% of Forge’s oil and natural gas properties. On June 30, 2023, Vital and NOG completed the Forge Acquisition pursuant to the Purchase Agreement.
