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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.