Vitesse Energy Inc (N:VTS)
Business Focus: Oil & Gas Exploration and Production
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 5619 Dtc Parkway, Suite 700 GREENWOOD VILLAGE CO 80111 |
| Tel: | 1-720-5328232 |
| Website: | https://vitesse-vts.com |
| IR: | See website |
| Key People | ||
| Robert W. Gerrity Chairman of the Board, Chief Executive Officer | Brian J. Cree President | James P. Henderson Chief Financial Officer |
| Business Overview |
| Vitesse Energy, Inc. is an independent energy company. The Company is engaged in the acquisition, development and production of non-operated oil and natural gas properties in the United States that are generally operated by oil companies and are primarily in the Williston Basin of North Dakota and Montana. It also has properties in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin. It owns a working interest in over 5,734 gross productive wells and royalty interests in an additional 1,140 productive wells. It also owns working interests in a 224 gross wells, and an additional 363 gross wells that have been permitted for development by its operating partners. Its property in Williston Basin stretches from western North Dakota into eastern Montana. Its property in Denver-Julesburg Basin is located in Northeast Colorado and Southeast Wyoming. Its property in Powder River Basin assets primarily target the Parkman, Sussex, Turner and Niobrara formations. |
| Financial Overview |
| For the three months ended 31 March 2024, Vitesse Energy Inc revenues increased 6% to $61.2M. Net loss applicable to common stockholders decreased 96% to $2.2M. Revenues reflect Crude Oil - Production - Total increase of 17% to 812K barrels, Oil Equivalent Production (Units/day) - increase of 9% to 13K barrels per day, Oil increase of 14% to $57.4M. Lower net loss reflects Equity-based compensation decrease of 94% to $1.6M (expense). |
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