Vital Energy: Bringing Costs Down
Vital Energy(VTLE) Seeking Alpha·2024-07-18 04:50
Western Glasscock This acreage was acquired because its cash flowed better than the legacy acreage in Eastern Glasscock. However, it also produced a fair amount of natural gas. Therefore, as natural gas prices declined, then a higher oil price was needed for the wells to breakeven. This was one acquisition that needed to wait for a natural gas pricing recovery. Unfortunately, the plans here did not "pan out" as planned. Now, however, technology advances may have brought this acreage back into consideration ...