Vitesse to Acquire Powder River Basin Assets for $35M

Vitesse Energy, Inc. has signed a definitive agreement to acquire non-operated assets in the Powder River Basin of Wyoming for $35 million of Vitesse common stock, with an effective date of January 1, 2026. The assets are expected to close at the beginning of the second quarter, subject to customary closing adjustments.

The acquisition includes over 6,000 net acres with approximately 1,400 Boe per day of expected net production for 2026 and 29 net undeveloped locations. The assets are operated primarily by EOG Resources and Continental Resources in the Powder River Basin. Vitesse described the transaction as accretive to earnings, operating cash flow, free cash flow, and net asset value on a per-share basis.