Vitesse Energy Acquires DJ Basin Assets for $26 Million

Vitesse Energy has expanded its presence in Colorado's Denver-Julesburg (DJ) Basin with a $26 million deal to acquire non-operated oil and gas assets.

The transaction includes properties primarily located in Weld County, CO, which are operated entirely by Chevron Corporation. The acquired assets are expected to generate approximately 900 barrels of oil equivalent (BOE) per day over the next 12 months, with oil accounting for 28% of production on a two-stream basis.

The deal is expected to be immediately accretive on a per-share basis to earnings, operating cash flow, free cash flow and net asset value. Vitesse Energy has also entered into commodity derivative contracts covering a significant portion of the acquired production through 2030.