Vital Energy, a company that explores, acquires and develops energy-producing assets, agreed to acquire a stake in the Permian Basin Assets from Henry Energy, a privately held Permian Basin oil and gas producer, Tall City Property Holdings, an exploration and production oil and gas company, and Maple Energy Holding, an independent energy company, for $1.17bn. The deal will increase the company's current production by about 35,000 barrels of oil equivalent per day.