{"id":96293,"date":"2025-08-25T16:46:11","date_gmt":"2025-08-25T16:46:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/96293\/"},"modified":"2025-08-25T16:46:11","modified_gmt":"2025-08-25T16:46:11","slug":"shale-producer-crescent-energy-to-acquire-vital-energy-in-3-1-billion-all-stock-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/96293\/","title":{"rendered":"Shale producer Crescent Energy to acquire Vital Energy in $3.1-billion all-stock deal"},"content":{"rendered":"<p class=\"c-article-body__text text-pr-5\">U.S. shale producer Crescent Energy <a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/CRGY-N\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/CRGY-N\/\">CRGY-N<\/a> said on Monday it would acquire smaller peer Vital Energy <a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/VTLE\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/VTLE\/\">VTLE-N<\/a> in an all-stock deal valued at US$3.1-billion, including debt.<\/p>\n<p class=\"c-article-body__text text-pr-5\">The deal highlights how some U.S. companies are pursuing scale at a time when mergers and acquisitions in the shale industry slowed in the second quarter due to volatility in the energy and equity markets.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Vital shareholders will receive 1.9062 shares of Crescent common stock for each share held, representing an offer valued at US$18.95 per share and a premium of 20 per cent, based on the stocks\u2019 last close.<\/p>\n<p class=\"c-article-body__text mv-16 l-inset text-pb-8\" data-sophi-feature=\"interstitial\"><a href=\"https:\/\/www.theglobeandmail.com\/business\/article-cenovus-meg-energy-purchase-strathcona\/\" rel=\"nofollow noopener\" target=\"_blank\">Cenovus to buy MEG Energy in nearly $7-billion deal<\/a><\/p>\n<p class=\"c-article-body__text mv-16 l-inset text-pb-8\" data-sophi-feature=\"interstitial\"><a href=\"https:\/\/www.theglobeandmail.com\/business\/article-court-cites-climate-change-in-blocking-approval-for-total-and-shell\/\" rel=\"nofollow noopener\" target=\"_blank\">Court cites climate change in blocking approval for Total and Shell project off South African coast<\/a><\/p>\n<p class=\"c-article-body__text text-pr-5\">Shares of Vital Energy were up 9.5 per cent while Crescent Energy was down 2.9 per cent in premarket trading.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Reuters had on Friday, after markets closed, reported on the deal talks, citing people familiar with the matter.<\/p>\n<p class=\"c-article-body__text text-pr-5\">The merger will create one of the 10 largest independent <a href=\"https:\/\/www.theglobeandmail.com\/topics\/oil-and-gas\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/topics\/oil-and-gas\/\">oil and gas<\/a> producers in the U.S., with positions across the Eagle Ford, Permian and Uinta basins and more than a decade of drilling inventory, the companies said.<\/p>\n<p class=\"c-article-body__text text-pr-5\">The deal, expected to close by the end of 2025, will generate US$90-million to US$100-million in immediate annual synergies and will boost cash flow per share.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Crescent said it has also lined up a US$1-billion pipeline of non-core asset sales to help strengthen its balance sheet.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Crescent shareholders will own about 77 per cent of the combined company and Vital stockholders will own the rest.<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. shale producer Crescent Energy CRGY-N said on Monday it would acquire smaller peer Vital Energy VTLE-N in&hellip;\n","protected":false},"author":2,"featured_media":96294,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[901,888,902,879,877,903,45,49,48,876,895,896,891,878,875,46,549,295,894,887,914,880,881,893,889,890,884,904,885,909,910,912,907,911,905,908,882,898,899,714,897,906,865,61,900,892,886,883,913],"class_list":["post-96293","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-business","tag-ca","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/96293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=96293"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/96293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/96294"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=96293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=96293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=96293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}