Headquartered in Tulsa, Vital develops oil and natural gas properties in the Permian Basin. (Source: Shutterstock)
Vital Energy Inc., formerly known as Laredo Petroleum, announced the completion of its rebranding in a press release Jan. 8.
Vital is now trading on the NYSE under the ticker “VTLE” as of Jan. 9.
“The name ‘Vital Energy’ speaks to our purpose of energizing human potential,” president and CEO Jason Pigott said on Vital’s website.
The company’s 2022 ESG and Climate Risk Report published on Dec. 1 detailed the company’s long-term sustainability targets. The rebrand is “consistent with its goal to ensure everyone has access to the reliable, affordable energy resources needed to power their lives,” the Dec. 1 press release said.
RELATED
Laredo First to Permian RSOG Title, Name Change to 'Vital Energy'
Vital also updated its fourth quarter 2022 production and incurred capital expenditures. Oil production is expected to be 35,500 bbl/d and total production is expected to be approximately 77,500 boe/d. Incurred capital expenditures are expected to be within $135 million-$145 million.
A full report of fourth-quarter and full-year 2022 financial and operating results will be reported after market close Feb. 21, the company stated.
Recommended Reading
How Chevron’s Anchor Took on the ‘Elephant’ in the GoM’s Deepwater
2024-08-22 - First oil at Chevron's deepwater Anchor project is a major technological milestone in a wider industry effort to tap giant, ultra-high-pressure, high-temperature reservoirs in the Gulf of Mexico.
US Drillers Cut Oil and Gas Rigs for Second Time in Three Weeks
2024-08-16 - The oil and gas rig count fell by two to 586 in the week to Aug. 16.
E&P Highlights: Aug. 19, 2024
2024-08-19 - Here’s a roundup of the latest E&P headlines including new seismic solutions being deployed and space exploration intersecting with oil and gas.
E&P Highlights: Sept. 23, 2024
2024-09-23 - Here's a roundup of the latest E&P headlines, including Turkey receiving its first floating LNG platform and a partnership between SLB and Aramco.
E&P Highlights: Aug. 12, 2024
2024-08-12 - Here’s a roundup of the latest E&P headlines, with a major project starting production in the Gulf of Mexico and the latest BLM proposal for oil and gas leases in North Dakota.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.