Vital Energy, Inc. entered into a purchase and sale agreement to acquire Working interests in producing assets related to Permian Basin from PEP Henry Production Partners LP, managed by Pickering Energy Partners LP and others for $78 million.

Vital Energy, Inc. (NYSE:VTLE) entered into a purchase and sale agreement to acquire Working interests in producing assets related to Permian Basin from PEP Henry Production Partners LP, managed by Pickering Energy Partners LP and others for $78 million on February 2, 2024. Vital Energy funded the transaction through the issuance of 878,690 shares of its common stock and approximately 1,176,644 shares of its 2.0% cumulative mandatorily convertible preferred securities. Stephen Szalkowski of Latham & Watkins LLP acted as legal advisor to Vital Energy, Inc. Kris Agarwal, Mark Proctor and Tan Lu of Willkie Farr & Gallagher LLP acted as legal advisors to PEP Henry Production Partners LP.

Vital Energy, Inc. (NYSE:VTLE) completed the acquisition of Working interests in producing assets related to Permian Basin from PEP Henry Production Partners LP, managed by Pickering Energy Partners LP and others on February 2, 2024.