Vital Energy
Vital Energy was an independent upstream oil and gas exploration and production company operating in the Permian and Delaware basins of West Texas, selling crude oil, natural gas, and NGLs at commodity-market prices before being acquired by Crescent Energy in December 2025.
- Company typePublic
- Founded2009
- HeadquartersTulsa, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Vital Energy does
Vital Energy, Inc. (formerly NYSE: VTLE) was an independent upstream oil and gas exploration and production company headquartered in Tulsa, Oklahoma, with a corporate office footprint extending to Houston, Texas. The company was founded in 2009 and operated a single core business line focused on the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the Permian Basin of West Texas and, following its 2024 Point Energy Partners acquisition, the Delaware Basin. Vital Energy sold its production into commodity markets at prevailing WTI and Henry Hub prices to refineries, midstream processors, and trading counterparties, generating transaction-based revenue on physical volume. The company pursued a disciplined, capital-intensive acquisition strategy to grow its development inventory and operational scale, deploying both debt (expanded credit facilities) and equity (public stock offerings) to fund deals.
The company's go-to-market was enterprise-field-sales oriented, targeting asset acquisitions and operator relationships rather than retail customers. Vital Energy's value proposition centered on high-quality development inventory in tier-one shale basins, with its 2024 Point Energy Partners transaction (~80% stake acquired for ~$820M of a ~$1.025B total) bringing specialized Delaware Basin expertise from Vortus Investments' portfolio. In August 2025, Crescent Energy announced an all-stock acquisition of Vital Energy valued at approximately $3.1 billion; the transaction closed on December 15, 2025, after which Vital Energy ceased to operate as an independent publicly traded company and became a wholly-owned subsidiary of Crescent Energy Company.
Vital Energy firmographics
Firmographics- Name
- Vital Energy
- Legal name
- Vital Energy, Inc.
- Website
- https://vitalenergy.com
- Company type
- Public
- Founded year
- 2009
- Operating status
- Acquired
- Headcount range
- 251–500 employees
- Short description
- Vital Energy was an independent upstream oil and gas exploration and production company operating in the Permian and Delaware basins of West Texas, selling crude oil, natural gas, and NGLs at commodity-market prices before being acquired by Crescent Energy in December 2025.
- Ownership category
- akta.pro rank
Vital Energy industry classification
Industry- Product category
- Upstream Oil and Gas Exploration & Production
- NAICS
- Oil and Gas Extraction (2111), Crude Petroleum Extraction (21112), Natural Gas Extraction (21113)
- SIC
- Crude Petroleum & Natural Gas (1311)
- akta.pro primary industry
- Production Operations & Artificial Lift (Surface Facilities, Compression, Flow Assurance) (EUAAAAAK)
- akta.pro secondary industries
- Onshore Natural Gas E&P (Conventional Fields) (EUAAAAAG), Pressure Pumping & Stimulation (Hydraulic Fracturing, Acidizing) (EUALABAF)
Keywords
Where Vital Energy is headquartered
LocationHeadquarters
- HQ city
- Tulsa
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Vital Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure
Revenue model
- Oil and Gas Production Revenue: Revenue generated from the sale of crude oil, natural gas, and natural gas liquids produced from operated properties in the Permian Basin and Delaware Basin
- Public Stock Offerings: Capital raised through public offerings of common stock to fund acquisitions and debt repayment
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Vital Energy product offering
Product offeringCore offering
Vital Energy is an independent oil and gas exploration and production company focused on acquiring, developing, and operating oil and natural gas properties, primarily in the Permian Basin of West Texas with additional assets in the Delaware Basin acquired through the Point Energy Partners transaction. The company generates revenue from the sale of crude oil, natural gas, and natural gas liquids produced from its operated properties.
Product overview
Vital Energy is an independent oil and gas exploration and production company operating a single core product line focused on oil and natural gas exploration, development, and operations. The company operates primarily in the Permian Basin of West Texas, with additional assets in the Delaware Basin acquired through the Point Energy Partners transaction in 2024.
Differentiator
Problem solved
Functional benefit
Products and services
- Oil and Natural Gas Exploration and Production
Quantifiable outcome
- Acquisition expected to be immediately accretive to financial performance
- +1 more outcomes
Companies that use Vital Energy
Customer profileSegments1 record
Ideal customer profiles1 record
Vital Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Vital Energy partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and major.
- Crescent EnergycoreCrescent Energy acquired Vital Energy in a transformative $3.1 billion all-stock merger, creating a top-10 independent energy company. The transaction closed on December 15, 2025, with Crescent shareholders owning approximately 77% and Vital shareholders approximately 23% of the combined company.
- Northern Oil and GasmajorNorthern Oil and Gas co-acquired Point Energy Partners' Delaware Basin assets alongside Vital Energy, with Northern acquiring a 20% stake for approximately $220 million while Vital Energy acquired the remaining 80% stake for about $820 million.
Scale indicators6 records
Recent moves8 records
Expansion highlights4 records
Vital Energy competitors and assessment
Company assessmentBroad incumbents
- Crescent Energy: Crescent Energy is the acquirer of Vital Energy and operates a larger upstream oil and gas portfolio across the Eagle Ford, Permian, and Uinta basins. As the parent company post-merger, it shares the same core upstream E&P business model and Permian Basin exposure as Vital Energy.
- Diamondback Energy: Diamondback Energy is a large independent upstream E&P company primarily focused on the Permian Basin. It operates at a meaningfully larger scale than Vital Energy but shares the same core Permian-focused exploration and production model.
- EOG Resources: EOG Resources is one of the largest independent U.S. upstream oil and gas producers with operations across multiple shale plays including the Permian Basin. Its scale and Permian exposure make it a benchmark comparable for Vital Energy.
- Devon Energy: Devon Energy is a large independent upstream oil and gas producer with significant Permian Basin operations. It shares Vital Energy's core E&P business model and Permian Basin focus but operates at a substantially larger scale.
Direct peers
- Northern Oil and Gas: Northern Oil and Gas co-acquired Point Energy Partners' Delaware Basin assets alongside Vital Energy and is a non-operated upstream oil and gas company focused on Permian and other U.S. basins. Its co-investment partnership and similar Permian-focused strategy make it a highly comparable peer.
- Matador Resources: Matador Resources is an independent upstream oil and gas E&P company with concentrated operations in the Permian Basin and Delaware Basin, directly overlapping Vital Energy's core asset footprint and business model.
- Coterra Energy: Coterra Energy is an independent upstream oil and gas producer with significant Permian Basin operations alongside assets in the Marcellus and Anadarko. It shares Vital Energy's pure-play E&P business model and Permian Basin exposure.
- Permian Resources: Permian Resources (formerly Centennial Resource Development) is an independent upstream E&P company focused almost exclusively on the Permian Basin and Delaware Basin. Its asset base and pure-play Permian strategy closely mirror Vital Energy's pre-merger profile.
- Earthstone Energy: Earthstone Energy was an independent upstream E&P company focused on the Permian Basin and Delaware Basin prior to its acquisition by BKV Corporation in 2024. Its pure-play Permian strategy and similar scale make it a comparable peer to Vital Energy.
- Callon Petroleum: Callon Petroleum was an independent upstream E&P company focused on the Permian Basin and Delaware Basin prior to its acquisition by APA Corporation. Its Permian-focused pure-play model closely matched Vital Energy's operating profile.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Vital Energy social profiles
Digital presenceVital Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vital Energy leadership team
Management profileNumber of profiles
Profiles5 records
Vital Energy funding detail
Funding detailFunding overview
Funding rounds5 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vital Energy M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vital Energy
What does Vital Energy do?
Vital Energy is an independent oil and gas exploration and production company focused on acquiring, developing, and operating oil and natural gas properties, primarily in the Permian Basin of West Texas with additional assets in the Delaware Basin acquired through the Point Energy Partners transaction. The company generates revenue from the sale of crude oil, natural gas, and natural gas liquids produced from its operated properties.
Is Vital Energy a public or private company?
Vital Energy is a public company. It is classified as public and is currently acquired.
When was Vital Energy founded?
Vital Energy was founded in 2009. It employs 251 to 500 people.
Where is Vital Energy based?
Vital Energy is headquartered in Tulsa, United States, in the North America region.
How does Vital Energy make money?
Two revenue lines are on record. Oil and Gas Production Revenue is the primary driver. The others are public Stock Offerings.
Who are Vital Energy's main competitors?
Broad incumbents on record are Crescent Energy, Diamondback Energy, EOG Resources and Devon Energy. Direct peers are Northern Oil and Gas, Matador Resources, Coterra Energy, Permian Resources, Earthstone Energy and Callon Petroleum.
Does Vital Energy have an API?
No public API is recorded for Vital Energy.
What industry is Vital Energy in?
Vital Energy's product category is Upstream Oil and Gas Exploration & Production. Its primary akta.pro industry code is EUAAAAAK, Production Operations & Artificial Lift (Surface Facilities, Compression, Flow Assurance), with a secondary code of EUAAAAAG, Onshore Natural Gas E&P (Conventional Fields). Its NAICS code is 2111 and its SIC code is 1311.