Vitesse Energy (VTS) Announces Several Acquisitions; Updates Guidance
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Vitesse Energy Announces Several Impactful Acquisitions, Revised 2023 Guidance and Preliminary 2024 Outlook, and Additional Hedging
October 9, 2023 6:55 AM EDTCENTENNIAL, Colo.--(BUSINESS WIRE)-- Vitesse Energy, Inc. (NYSE: VTS) (Vitesse or the Company) today announced several impactful acquisitions, revised 2023 guidance and a preliminary outlook on 2024, and additional hedging.
ACQUISITIONS
Vitesse has acquired additional oil and gas interests in the Williston Basin of North Dakota that will result in approximately $50 million of acquisition and related development capital expenditures, primarily in the third and fourth quarters of 2023. These acquisitions increase the Companys 2023 capital expenditures guidance range and are expected to provide material increases to production and cash flows in the fourth quarter... More
