Oil and Gas Properties (Tables)

6 Months Ended

Jun. 30, 2026



(in thousands except share and per share amounts)
Common stock issued to acquire Lucero	8,169,839
Vitesse closing stock price on March 6, 2025	$	23.78
Arrangement consideration	$	194,279

	Purchase Price Allocation
Assets Acquired
Cash and cash equivalents	$	49,846
Accrued revenue	4,897
Prepaid expenses and other current assets	1,296
Proved oil and gas properties	134,563
Deferred tax asset	14,306
Other noncurrent assets	160
Total assets acquired	$	205,068
Liabilities Assumed
Accounts payable	$	408
Accrued liabilities	7,148
Commodity derivatives	158
Asset retirement obligations	3,075
Total liabilities assumed	$	10,789

Net Assets Acquired	$	194,279

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.