Vitesse Energy closes $26M Denver-Julesburg Basin acquisition

Vitesse Energy, Inc. (NYSE: VTS) has closed a $26.0 million acquisition of non-operated oil and gas assets in the Denver-Julesburg Basin of Colorado, according to a press release from the company.

The transaction, which closed on September 15, 2026, with an effective date of June 1, 2026, involves assets located primarily in Weld County, Colorado. The assets are operated entirely by Chevron. The cash consideration was funded through a combination of cash on hand and borrowings under Vitesse's revolving credit facility.

The acquired assets are expected to produce approximately 900 barrels of oil equivalent per day over the next twelve months, with oil comprising 28% of that output. Vitesse said the acquisition is expected to be immediately accretive on a per share basis to earnings, operating cash flow, free cash flow, and net asset value.

In connection with the deal, Vitesse has entered into commodity derivative contracts covering a significant portion of the acquired production through 2030.

"The acquisition is expected to be immediately accretive on a per share basis to our key metrics, and is directly in line with our disciplined acquisition strategy of delivering durable, low-risk returns to our stockholders," said Jamie Benard, Vitesse's Chief Executive Officer and President.

The purchase price is subject to customary adjustments.

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