Vitesse Energy acquires ~$50M Williston Basin assets; raises Q4 2023 production guidance to 12,300-13,000 Boe/d

Vitesse Energy, Inc.

Acquired additional oil and gas interests in Williston Basin for ~$50 million in acquisition and development capex, primarily Q3-Q4 2023.
Q4 2023 production avg 12,300-13,000 Boe/d (up from ~11,000 in Q3); full-year 2023 production 11,500-11,700 Boe/d; capex $110-$130M.
Preliminary 2024 outlook: production 12,500-13,500 Boe/d, total capex $90-$110M.
Added oil swaps: 75k bbl Q4 2023 at $85.54/bbl, 695k bbl 2024 at $81.83/bbl; now 51% of Q4 2023 oil hedged, 41% of 2024 hedged.
CEO says acquisitions accretive to free cash flow and supportive of dividend.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vitesse Energy, Inc. updated its 2023 guidance (reaffirmed).

Period: 2023
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

On October 9, 2023, Vitesse Energy, Inc. (the “Company”) issued a press release providing an activity update, revised 2023 guidance and a preliminary 2024 outlook.

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Vitesse Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001944558-23-000078

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