finance.yahoo.com

Vitesse Energy CEO Outlines Dividend and Acquisition Capital Allocation Focus

Vitesse Energy logoVitesse Energy
Sig1.45Sen+2.58Env-0.95Soc+0.10Gov+0.95

Vitesse Energy said potential uses of capital include adding wells on existing acreage, buying near-term development interests, acquiring producing properties, and reducing debt, while share repurchases are not currently part of its capital-allocation waterfall. The company operates about 60 wells in the McKenzie-Dunn area and evaluates each deal using hedgeable strip prices and risk-adjusted returns, noting longer laterals may help slow proved producing decline.

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