Vital Energy, Inc. Unaudited pro forma condensed combined financial informationPurchase and Sale Agreement • February 14th, 2024 • Vital Energy, Inc. • Crude petroleum & natural gas
On February 2, 2024, Vital Energy, Inc., a Delaware corporation (“Vital” or the “Company”), as buyer, signed and closed a purchase and sale agreement (the "PEP Purchase Agreement") with PEP Henry Production Partners LP, PEP HPP Jubilee SPV LP, PEP PEOF Dropkick SPV, LLC, PEP HPP Dropkick SPV LP, and HPP Acorn SPV LP, (collectively, the "PEP Properties Sellers"), which represents the purchase of additional working interest in properties associated with the Henry Acquisition, as defined below (the "PEP Acquisition"). The purchase will increase Vital's working interest in 67 wells by an average of 63%. Total consideration payable to the PEP Properties Seller is $78.4 million at February 2, 2024, consisting of 878,690 shares of Vital's common stock and 980,272 shares of Vital's Preferred Stock, both after closing adjustments and subject to post-closing adjustments. No liabilities, other than the recording of associated asset retirement obligations, will be assumed. The Company entered into
