Vitesse Energy Inc
NYSE:VTS
Vitesse Energy Inc
Vitesse Energy, Inc. engages in the acquisition, ownership, exploration, development, management, production, exploitation, and disposition of oil and gas properties. The company is headquartered in Centennial, Colorado. The company went IPO on 2023-01-10. The firm is engaged in the acquisition, development, and production of non-operated oil and natural gas properties in the United States in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. The firm owns a working interest in approximately 5,203 gross productive wells and royalty interests in an additional 998 productive wells, as well as it owns working interest in a further 253 gross wells and an additional 413 gross wells that had been permitted for development by its operating partners. Its properties in Williston Basin stretches from western North Dakota into eastern Montana. Its properties in Denver-Julesburg Basin are located in Northeast Colorado and Southeast Wyoming. Its properties in Powder River Basin assets primarily target the Parkman, Sussex, Turner and Niobrara formations. The company also has properties in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.
Vitesse Energy, Inc. engages in the acquisition, ownership, exploration, development, management, production, exploitation, and disposition of oil and gas properties. The company is headquartered in Centennial, Colorado. The company went IPO on 2023-01-10. The firm is engaged in the acquisition, development, and production of non-operated oil and natural gas properties in the United States in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. The firm owns a working interest in approximately 5,203 gross productive wells and royalty interests in an additional 998 productive wells, as well as it owns working interest in a further 253 gross wells and an additional 413 gross wells that had been permitted for development by its operating partners. Its properties in Williston Basin stretches from western North Dakota into eastern Montana. Its properties in Denver-Julesburg Basin are located in Northeast Colorado and Southeast Wyoming. Its properties in Powder River Basin assets primarily target the Parkman, Sussex, Turner and Niobrara formations. The company also has properties in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.
Production Guidance Raised: Vitesse increased its 2025 production guidance to 17,000–17,500 Boe per day following strong well results and more development activity.
CapEx Guidance Lifted: Full-year 2025 capital expenditure guidance was increased to $110–$125 million due to well completions and additional development proposals.
Operated Wells Exceed Expectations: Two operated wells completed in Q3 and recently acquired wells are outperforming initial oil and gas production expectations and were completed under budget.
Strong Dividend Commitment: The Board declared a fourth quarter dividend at an annual rate of $2.25 per share.
Hedging Strategy: Approximately 60% of remaining 2025 oil and nearly half of gas production are hedged at attractive prices, with substantial 2026 hedges also in place.
Acquisitions & Market Activity: Vitesse was more active on acquisitions this quarter, closing several deals while maintaining a disciplined approach as the acquisition market remains competitive.
Cost Structure Normalizing: Third quarter cost structure is seen as a more accurate reflection of run-rate expenses, with expectations for some improvement in coming quarters.
