Vitesse Energy(US:VTS)2024-05-07 20:37Company Overview - Vitesse Energy, Inc is a non-operated working and mineral interest owner primarily in the Bakken oil field in North Dakota[8] - The company has interests in 6,932 productive wells (159 net wells) with an average working interest of 2.7% per working interest well[8] - Vitesse estimates there are >200 remaining net undeveloped locations across its asset[9] Financial Highlights - Vitesse's net production is 12.6 MBoe/d in Q1 2024[10] - The company's oil weighting is 71%[12] - The company has a ~$60 million share repurchase program approved[7] - The company offers a ~9% fixed dividend yield based on the 5/3/24 closing price of $22.63[6,7] Asset Value - The company's 1P PV-10 is $682 million[9,11] - The company's PDP PV-10 is $521 million[9] - The standardized measure is $575,691 thousands[17]