Following Vital Energy’s acquisition by Crescent Energy in late August, one executive of the Tulsa company is reassuring employees that things will continue as normal. But it is also clear the Tulsa office of Vital will likely close.
Crescent Energy, headquartered in Houston, Texas bought the company in a $3.1 billion all-stock deal on August 25.
As a result of the acquisition, Crescent could become a top 10 independent oil and gas producer in the U.S. plus have a much larger imprint in the Permian Basin…