Vitesse Energy Business Summary

Vitesse Energy, Inc. (VTS) is an independent energy company that generates revenue through the sale of crude oil, natural gas, and natural gas liquids (NGLs) produced from its interests in over 7,600 wells. The company’s primary business segments include non-operated working interests, where it provides capital to leading operators in exchange for a share of production, and a growing portfolio of mineral and royalty interests. Historically a pure-play non-operator, Vitesse transitioned to a hybrid model in March 2025 following the $222 million acquisition of Lucero Energy Corp., which added operated assets in the Williston Basin to its core holdings in the Bakken and Three Forks formations. Vitesse competes directly with non-operated peers like Northern Oil and Gas (NOG) and Granite Ridge Resources (GRNT), as well as major basin operators such as Chord Energy (CHRD) and Diamondback Energy (FANG), distinguishing itself through a high-payout dividend strategy and a data-driven approach to asset acquisition that minimizes operational overhead. The leadership team is anchored by founder Robert "Bob" W. Gerrity, Chairman and CEO, who has over 40 years of industry experience and previously led Gerrity Oil & Gas to a merger that formed Patina Oil & Gas. He is joined by President Brian J. Cree, a long-time collaborator since 1987 with a background in E&P finance and operations, and CFO James P. Henderson, who brings extensive executive experience from roles at Whiting Petroleum and SRC Energy. The company’s pedigree is closely tied to Jefferies Financial Group, from which it was spun off in early 2023; Jefferies President Brian Friedman and Chairman Joseph S. Steinberg continue to serve on the board of directors. Following the 2025 Lucero acquisition, the board was expanded to include Gary Reaves of First Reserve and M. Bruce Chernoff, further strengthening the company’s ties to institutional energy investors and private equity expertise.