Vital Energy, Inc.: M&A transaction — Vital Energy completes Point Acquisition for $815.2M in cash

Vital Energy, Inc.

Total cash consideration of $815.2M, funded with borrowings under senior secured credit facility.
Acquired oil and gas properties in Ward and Winkler Counties, Texas, from Point Energy entities and NOG.
Audited and unaudited financials of Point Energy Partners Operating, LLC filed as exhibits.
Pro forma condensed combined financial information provided for Vital Energy as of June 30, 2024.
Closing on September 20, 2024, as previously announced on July 29, 2024.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Vital Energy, Inc. completed an acquisition involving Point Energy Partners Petroleum, LLC, Point Energy Partners Operating, LLC, Point Energy Partners Water, LLC and Point Energy Partners Royalty, LLC for $815.2 million (closed 2024-09-20).

Action: acquisition
Counterparty: Point Energy Partners Petroleum, LLC, Point Energy Partners Operating, LLC, Point Energy Partners Water, LLC and Point Energy Partners Royalty, LLC
Consideration: $815.2 million
Closing: 2024-09-20

Exact text from the filing

On September 20, 2024, the Company consummated the Point Acquisition for total cash consideration of $815.2 million paid by the Company after closing adjustments, funded with borrowings under the Company’s senior secured credit facility.

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Source: SEC EDGAR

accession 0001193125-24-223727

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