Vitesse Energy Acquires Lucero Energy in Accretive All-Stock Transaction
December 16, 2024
Vitesse Energy, Inc. will acquire Lucero Energy Corp. in an all-stock transaction valued at approximately US$222 million (fully diluted equity value). The deal is expected to close in the second quarter of 2025, and would add Lucero’s operated oil and gas production assets in the Bakken to Vitesse’s portfolio.
- Buyers
- Vitesse Energy, Inc.
- Targets
- Lucero Energy Corp.
- Sellers
- FR XIII PetroShale Holdings L.P.
- Industry
- Oil & Gas
- Location
- North Dakota, United States
- Transaction Type
- Buyout
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