Vital Energy Annouces Acquisition of Crown Lands

Executive Summary

• Vital Energy Inc. acquired seven sections (≈1,792 ha) of Alberta Crown petroleum and natural gas rights in the Elmworth area for a total purchase price of $5,998,139.
• The acquisition brings Vital’s holdings to nine sections in the same region, creating potential for up to 44 drilling locations within the Charlie Lake dolomite/siltstone reservoir.
• Vital plans to concentrate future technical, operational and capital efforts on the higher‑production potential Charlie Lake asset.

Key Details

• Acquisition scope: 7 new sections (~1,792 ha) plus 2 previously acquired sections (2025), total of 9 sections in Elmworth, Grande Prairie region, Alberta.
• Purchase price: $5,998,139 inclusive of bonus consideration and Crown fees.
• License term: Four‑year Northern Petroleum & Natural Gas License covering the newly acquired lands.
• Geological coverage: Rights extend from the surface or base of the Nikanassin Formation to the base of the Halfway Formation.
• Drilling potential: Internal technical work identifies up to 44 prospective drilling locations across the land base, focused on the Charlie Lake dolomite/siltstone reservoir.
• Strategic focus: Vital will allocate a significant portion of its future technical, operational and capital resources to develop the Charlie Lake asset within the core area of the Grand Prairie region.

Notable Quotes

(No direct quotes were provided in the release.)