Vital Energy to acquire a stake in Permian Basin assets from Henry Energy

Vital Energy, an American company engaged in hydrocarbon exploration, agreed to acquire a stake in Permian Basin assets from Henry Energy, a Permian Basin oil & gas producer, Moriah Henry Partners, a Midland-based exploration and production company focused on the acquisition and development of oil and gas properties, and Henry Resources, a Permian Basin oil and gas producer, for $78m. "We are pleased to have closed our second transaction to increase our working interests in high-value properties associated with the Henry acquisition. Both transactions were attractively priced, accretive to Free Cash Flow per share and highly supportive of our deleveraging goals," Jason Pigott, President and CEO.