Vital Energy Annouces Acquisition of Crown Lands

Core Viewpoint - Vital Energy Inc. has acquired additional petroleum and natural gas rights in Alberta, enhancing its asset base and drilling potential in the region [1][2]. Acquisition Details - The company acquired seven sections totaling approximately 1,792 hectares of Alberta Crown P&NG rights for a total purchase price of $5,998,139, which includes bonus consideration and associated Crown fees [1]. - The acquired lands include P&NG rights from the surface or base of the Nikanassin Formation to the base of the Halfway Formation under a four-year Northern P&NG License [2]. Asset Development Potential - With the recent acquisition, Vital now holds a total of nine sections in the same area, having previously acquired two sections in 2025 [2]. - Internal technical work has identified the potential for up to 44 drilling locations across the land base in the Charlie Lake dolomite/siltstone reservoir [2]. Strategic Focus - The company intends to concentrate a significant portion of its future technical, operational, and capital efforts on its higher production potential Charlie Lake asset within the Charlie Lake reservoir core area of the Grande Prairie region [3]. Company Overview - Vital Energy Inc. is a publicly traded junior oil and gas company focused on light and medium crude oil production in Western Canada [4].