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Strategic Shale: Vital Energy and Northern Oil’s $1.1 Billion Joint Venture in the Delaware Basin

Expert Insight

Vital Energy, Inc. (VTLE) and Northern Oil and Gas, Inc. (NOG) have announced a significant joint venture to acquire shale assets from Point Energy Partners, a company backed by private equity firm Vortus Investments. The deal, valued at $1.1 billion, marks a strategic expansion in the Delaware Basin, a crucial area of the Permian Basin that spans Texas and New Mexico—America’s shale heartland.

Global Deals, European Impact: The Consolidation Wave in Oil & Gas

Article, Expert Insight

As we approach the midpoint of 2024, the Oil and Gas (O&G) industry continues to experience a significant consolidation boom that began in late 2023. Within the European sector, the momentum is equally robust, with 60 M&A transactions reported in Q1 2024, accumulating a total value of $3.4 billion, according to Global Data’s Deals Database.