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Crescent Energy to Buy Oklahoma-Based Vital Energy for $3.1 Billion, Expanding Permian Presence
The $3.1 billion all-stock merger will create a top 10 U.S. independent oil producer with $90 million to $100 million in annual synergies, boosting cash flow per share, company said.
- On Monday, U.S. shale producer Crescent Energy said it will acquire Vital Energy in a $3.1-billion all-stock deal with a 1.9062 share exchange ratio, boosting its Permian Basin presence.
- With U.S. shale M&A slowing in the second quarter, companies pursued economies of scale, projecting US$90-million to US$100-million in immediate annual synergies to boost cash flow per share.
- The companies' balance sheets show Vital Energy holds around 267,000 net acres and 137,900 boe per day, carries $2.3 billion long-term debt, while Crescent's market value is ~$2.5 billion and Vital's ~$600 million, with shares reacting unevenly in premarket and extended trading.
- Wohl & Fruchter LLP is investigating the deal's fairness, with Joshua Fruchter explaining, `We are investigating whether the Vital Board of Directors acted in the best interests of Vital shareholders in approving the merger`.
- Terms could be announced as soon as next week, sources said, with the transaction expected to close by year-end 2025 and Crescent lining up a US$1-billion pipeline of non-core asset sales.
19 Articles
19 Articles
VTLE Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Sale of Vital Energy to Crescent Energy - Vital Energy (NYSE:VTLE)
MONSEY, N.Y., Aug. 25, 2025 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Vital Energy, Inc. (NYSE:VTLE) ("Vital") to Crescent Energy Company ("Crescent") pursuant to which Vital shareholders will receive 1.9062 shares of Crescent Class A common stock for each share of Vital common stock that they own. Based on the stock price of Crescent of $9.47 per share as of 1:00 PM on August 2…
Crescent Energy to Acquire Vital in $3.1B Deal - USA Herald
Crescent Energy Co. announced Monday it will acquire Vital Energy Inc. in a landmark all-stock transaction valued at $3.1 billion, including Vital’s net debt. The deal, unanimously approved by both companies’ boards, is expected to significantly reshape the U.S. oil and gas sector. The transaction, backed by legal guidance from Kirkland & Ellis LLP, Richards Layton & Finger PA, and Vinson & Elkins LLP, will grant Vital shareholders 1.9062 shares…
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