NYSE: VTLE
Profile compiled and reviewed by the Houston Oil Companies Data Team from public filings and company sources.
Upstream · Permian Basin E&P
Vital Energy (Laredo Petroleum)
Vital Energy, formerly Laredo Petroleum, is an independent E&P company focused on oil and natural gas development in the Permian Basin.
Vital Energy, formerly known as Laredo Petroleum, is an independent energy company focused on the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas. The company rebranded from Laredo Petroleum to Vital Energy in January 2023 to better reflect its evolving strategy and commitment to responsible energy development. Vital Energy operates a concentrated acreage position in the Midland Basin, where it targets multiple productive formations using advanced horizontal drilling and completion techniques.
Headquarters
Tulsa, OK (Houston Operations)
Founded
2006
Employees
500
Revenue
$1.9B
CEO
Jason Pigott
Website
vitalenergy.comThe company was founded in 2006 as Laredo Petroleum and went public in 2011. Initially focused on the Eagle Ford Shale, the company pivoted to a pure-play Permian Basin strategy, consolidating its position in the Midland Basin of West Texas. Laredo rebranded as Vital Energy in 2023 and has since focused on disciplined development, operational efficiency, and strategic bolt-on acquisitions to build scale in the Permian. The company maintains operational staff in Houston.
Vital Energy operates approximately 130,000 net acres in the Midland Basin of the Permian, targeting the Wolfcamp and Spraberry formations through horizontal drilling. The company runs a multi-rig development program and has pioneered the use of simultaneous operations (simul-frac) to improve capital efficiency. Vital Energy has also invested in produced water recycling and other ESG initiatives to minimize its environmental footprint.
Tulsa, OK (Houston Operations)
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