Vitesse Energy, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Brian J. Cree
- Full Time Employees
- 33
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 9200 East Mineral Avenue Centennial CO United States of America 80112
- IPO Date
- Jan 10, 2023
- CIK
- 0001944558
- Website
- vitesseoil.com
- Similar Companies
- Business
- Vitesse Energy, Inc. Vitesse Energy, Inc. (NYSE: VTS), an independent energy company founded in 2014 and headquartered in Greenwood Village, Colorado, focuses on the acquisition, development, and production of non-operated oil and natural gas properties in the United States. The company owns non-operated working interest and royalty interest ownership in the Williston Basin properties covering approximately 47,840 net acres in North Dakota and Montana, as well as non-operated interests in the Central Rockies properties located in Colorado and Wyoming, including the Denver-Julesburg and Powder River Basins targeting formations such as Parkman, Sussex, Turner, and Niobrara. Vitesse holds working interests in over 5,734 gross productive wells and royalty interests in an additional 1,140 productive wells, plus working interests in 224 gross wells and 363 gross permitted wells operated by leading US oil companies primarily in the Bakken Field. In a major strategic expansion, Vitesse completed the acquisition of Lucero Energy Corp. in an all-stock transaction valued at $222 million in March 2025, adding operated assets including more than 65 producing wells, two drilled uncompleted wells, and up to 50 gross locations in the core Bakken. This accretive deal enhances operational flexibility, strengthens the balance sheet with a near-term net debt to adjusted EBITDA ratio of approximately 0.3x, and supports an increase in the cash dividend from $2.10 to $2.25 per share annually, while providing about $3 million in expected annual administrative synergies. The transaction incorporates Lucero's high-netback light oil production of approximately 6.4 Mboe per day in the third quarter of 2024 and introduces an operated component to Vitesse's primarily non-operated strategy, bolstering scale across the Bakken and Williston Basin.
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