VTS Buys Chevron Assets in DJ Basin for $26 Million

Vitesse Energy, Inc. (NYSE:VTS) has made a strategic acquisition of Chevron-operated assets in the DJ Basin for $26 million.

The acquired assets are expected to produce 900 boe/day over the next year, with 28% being oil.

CEO and President Jamie Benard commented that the deal is 'immediately accretive on a per share basis' to key metrics, in line with Vitesse's disciplined acquisition strategy.

The assets are operated entirely by Chevron, reducing operational risks for Vitesse, and a significant portion of production has been hedged through 2030.