March 31, 2017 / 11:17 AM / 8 months ago

BRIEF-Vital Energy enters into an agreement with a third party

March 31 (Reuters) - Vital Energy Inc:

* Vital Energy - entered into an agreement with a third party whereby the third party has committed to spend up to $10.5 million

* Vital Energy says the $10.5 million will be spent among other things, drill, frac, test, complete and equip up to 7 one mile horizontal test wells on one of co’s project areas

* Says it will be operator of phase 1 drilling program

* Says drilling is expected to commence immediately after spring break up 2017 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below