Vitesse Inks a $222M Strategic Expansion Deal to Acquire Lucero Energy

Vitesse Energy, Inc. (VTS) recently announced an all-stock transaction deal to acquire Lucero Energy, an oil and gas producer operating on the North Dakota side of the Williston Basin. Through this $222 million deal, set to be closed in the second quarter of 2025 with the necessary shareholder and regulatory approvals, Vitesse will acquire more than 65 producing wells from Lucero.In accordance with the terms of the agreement, in exchange for each share held at Lucero Energy, the shareholders will receive 0. ...