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Road to WECA 2024: Changing Business Models: An industry in Transition

Expert Insight

The global energy landscape is undergoing a seismic shift as the world grapples with the dual challenges of climate change and the need for reliable, affordable energy. Exploration and Production (E&P) companies, traditionally focused on oil and gas extraction, are increasingly under pressure to adapt their business models in response to the energy transition.

Strategic Shale: Vital Energy and Northern Oil’s $1.1 Billion Joint Venture in the Delaware Basin

Expert Insight

Vital Energy, Inc. (VTLE) and Northern Oil and Gas, Inc. (NOG) have announced a significant joint venture to acquire shale assets from Point Energy Partners, a company backed by private equity firm Vortus Investments. The deal, valued at $1.1 billion, marks a strategic expansion in the Delaware Basin, a crucial area of the Permian Basin that spans Texas and New Mexico—America’s shale heartland.