Increased Production and Capital Expenditure Guidance
Vitesse Energy increased its production and capital expenditure guidance for 2025 due to successful completion of two Vitesse-operated wells and advancements in drilling technology.
Successful Completion of Wells and Cost Efficiency
The wells completed as part of the Lucero acquisition exceeded initial production expectations and were completed approximately $2 million or 15% under budget.
Strong Hedging Strategy
Approximately 60% of 2025 oil production is hedged at nearly $70 per barrel, and half of natural gas production is hedged with attractively priced collars.
Low Leverage and Strategic Positioning
The company reported a net debt to adjusted annualized EBITDA ratio of 0.65x, positioning itself to be opportunistic during market disruptions.