Vitesse Completes Acquisition of Chevron Assets in Denver-Julesburg Basin

Vitesse Energy Inc has completed its acquisition of Chevron Corp-operated oil and gas assets in the Denver-Julesburg Basin for $26 million. The deal adds a high-quality asset base operated by Chevron, according to Vitesse CEO Jamie Benard.

The new assets are expected to contribute 900 barrels of oil equivalent per day to Vitesse's production over the next 12 months, with oil comprising 28 percent. Most of the assets are located in Weld County, Colorado.

Vitesse has entered into commodity derivative contracts covering a significant portion of the acquired production through 2030 to support underwritten returns.