Vital Energy slips on $1.17 bln deal to expand in Permian Basin

Vital Energy

14/09/2023 09:42

** Shares of oil and gas firm Vital Energy  VTLE.N  fall
7.4% to $54.58 premarket
    ** Co sings agreements valued at about $1.17 bln to expand
its acreage in the Permian Basin
    ** Dealmaking is gathering pace as drillers tap the largest
U.S. oil patch to quickly replenish their depleting reserves
    ** Deals to be funded by a combination of sales of stocks
and securities, and borrowings
    ** Stock up 14.6% YTD

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))