Precio Vital Energy Inc (VTLE)

Vital Energy, Inc. engages in the exploration, development and acquisition of oil and natural gas properties in the Permian Basin of West Texas. The company is headquartered in Tulsa, Oklahoma and currently employs 405 full-time employees. The company is focused on the acquisition, exploration and development of oil and natural gas properties in the Permian Basin of West Texas. The company operates through the exploration and production segment. The company has assembled 286,796 largely contiguous net acres in the Permian Basin, of which is prospective for multi-zone development in Glasscock, Howard, Midland, Reagan, and Upton counties in the Midland Basin and Pecos, Reeves, and Ward counties in the Delaware Basin. The company has certain oil and natural gas properties located in the Delaware Basin, including approximately 24,000 net acres in Pecos, Reeves and Ward Counties, and related assets and contracts. The company has certain oil and natural gas properties in the Midland Basin, including over 11,200 net acres located in Upton and Reagan Counties and related assets and contracts. The company focuses on its development activities on horizontal drilling targets in the Wolfcamp, Spraberry, and Bone Spring formations.