Vitesse Energy has completed a $26 million acquisition of non-operated oil and gas assets in Colorado's Denver-Julesburg Basin, buying the properties from Chevron-operated acreage. The company paid an initial unadjusted purchase price of $26 million, funded through cash on hand and borrowings under its revolving credit facility, with customary purchase price adjustments still applicable. The assets, located primarily in Weld County, Colorado, and operated entirely by Chevron, are expected to generate approximately 900 barrels of oil equivalent per day over the next 12 months, with oil accounting for 28% of production on a two-stream basis. The deal closed on Sept. 15, 2026, with an effective date of June 1, 2026, and Vitesse expects it to be immediately accretive on a per-share basis to earnings, operating cash flow, free cash flow and net asset value. Vitesse has also entered into commodity derivative contracts covering a significant portion of the acquired production through 2030 to support underwritten returns and cash-flow visibility.
Vitesse Energy IncVitesse closed a $26M DJ Basin acquisition expected to be immediately accretive to earnings, cash flow and NAV.
Chevron CorpChevron is only the operator of the acreage Vitesse is buying; no direct impact on Chevron stated.
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