Core Viewpoint - Vital Energy, Inc. has received stockholder approval for its merger with Crescent Energy Company, expected to close on December 15, 2025, which aims to create a larger and financially robust operator in the energy sector [1][2]. Company Overview - Vital Energy, Inc. is an independent energy company headquartered in Tulsa, Oklahoma, focusing on the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas [3]. Merger Details - Stockholders of Vital Energy will receive 1.9062 shares of Crescent's Class A common stock for each share of Vital Energy common stock owned [2]. - Vital Energy's common stock will be suspended from trading on the New York Stock Exchange prior to market open on December 15, 2025 [2]. Strategic Implications - The merger is expected to enhance the scale and capacity of the combined companies, allowing for substantial free cash flow generation and sustainable cash returns [2]. - The strategic combination is anticipated to maximize the potential of the assets held by both companies, benefiting all stockholders [2].
Vital Energy Stockholders Approve Merger with Crescent Energy