Crescent Energy Company and Vital Energy Inc announced, in a joint statement Monday, that they have entered into a definitive agreement, “pursuant to which Crescent will acquire Vital in an all-stock transaction valued at approximately $3.1 billion, inclusive of Vital’s net debt”.
Vital Energy and Northern Oil and Gas will jointly acquire U.S. shale assets from private equity-owned Point Energy Partners for $1.1 billion, the companies said on Sunday.