Vital Energy sees Q4 CapEx $190M

Vital Energy provided select preliminary results for Q4. The Company’s Q4 total production averaged approximately 113.4 thousand barrels of oil equivalent per day, or MBOE/d, above guidance of 101.8 – 105.8 MBOE/d. Oil production for the quarter averaged approximately 52.8 thousand barrels of oil per day, or MBO/d, above guidance of 47.9 – 50.9 MBO/d. Production results were primarily driven by outperformance of recently turned-in-line wells in Howard and Upton counties. Earlier-than-expected closing dates for previously announced transactions and the acquisition of additional working interests during the quarter contributed approximately 1,250 BOE/d, 60% oil, to quarterly production. Total incurred capital expenditures during Q4 were approximately $190M, excluding non-budgeted acquisitions and leasehold expenditures, in-line with guidance of $175M-$190M.