{"product_id":"vitesse-vts-business-model-canvas","title":"Vitesse Energy Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVitesse Energy: A Clear Business Model Canvas for Non-Operated Energy Growth\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eExplore the strategic framework behind Vitesse Energy's model - a concise, practical Canvas that maps how the company builds value through non-operated oil and gas assets, strategic operator partnerships, disciplined acquisition, and cash-flow-focused growth in the Bakken and Three Forks.\u003c\/p\u003e\n\u003cp\u003eDesigned for investors, advisors, and industry teams, this ready-to-use Word and Excel Canvas makes it easier to evaluate Vitesse Energy's revenue logic, key resources, and growth drivers - while offering a structured template you can adapt to your own energy strategy.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOperating Partners and Working Interest Owners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eVitesse Energy outsources daily drilling and production to operators like Continental Resources and Chord Energy, which ran ~1,200 net Bakken wells in 2024 and reported combined 2024 capex of roughly $3.6B, giving Vitesse access to best-in-class technical execution and field infrastructure. By retaining working-interest stakes rather than rigs or crews, Vitesse captures production upside while keeping fixed OPEX low-reducing field overhead by an estimated 60% versus operator-owned models.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancial Institutions and Lenders\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe company maintains credit lines with major banks and specialty lenders-$450m revolver capacity at end-2025-used to manage a $1.2bn debt profile and fund $280m planned capex for drilling in 2026; these partners supply liquidity for M\u0026amp;A and capex, and access to flexible capital keeps Vitesse competitive in the capital-intensive oil \u0026amp; gas sector as of late 2025.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMineral and Surface Land Owners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eSecuring and maintaining leases with private and public mineral and surface land owners is core to Vitesse Energy's access to resources across North Dakota and Montana; as of Q4 2025 Vitesse holds ~48,000 net acres under lease, providing legal rights to explore and produce on those tracts. Vitesse keeps relationships productive via on-time royalty payments (average 12.5% rate across assets in 2025) and strict compliance with state and local land‑use rules, reducing lease disputes and permitting delays.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMidstream Infrastructure Providers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003ePartnerships with midstream operators secure gathering, processing, and transport of Vitesse's oil and gas, linking wellheads to hubs and enabling sales; in 2024 US midstream throughput hit ~27 MMbbl\/d liquids and ~100 Bcf\/d gas, underscoring capacity Vitesse taps.\u003c\/p\u003e\n\u003cp\u003eWithout these pipeline and plant partners Vitesse cannot deliver product to regional refineries or national networks, so midstream contracts directly determine realizable prices and cash flow.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eEnable movement to hubs: ~27 MMbbl\/d liquids (2024)\u003c\/li\u003e\n\u003cli\u003eEnable gas flow: ~100 Bcf\/d (2024)\u003c\/li\u003e\n\u003cli\u003eDirect impact on realized price and cash flow\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTechnical Data and Software Vendors\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eVitesse partners with seismic-data firms and software vendors (e.g., Schlumberger, TGS) to access high-res 3D seismic and reservoir-simulation tools, cutting subsurface appraisal time by ~40% and improving reserve confidence that supports $50-150M acquisition bids.\u003c\/p\u003e\n\u003cp\u003eThese external tech resources let Vitesse keep a lean 12-person technical team while making data-driven buy\/sell decisions with \u0026gt;90% model reproducibility.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eHigh-res 3D seismic access\u003c\/li\u003e\n\u003cli\u003eReservoir simulation \u0026amp; financial models\u003c\/li\u003e\n\u003cli\u003e40% faster appraisals\u003c\/li\u003e\n\u003cli\u003e12-person core tech team\u003c\/li\u003e\n\u003cli\u003e$50-150M typical acquisition size\u003c\/li\u003e\n\u003cli\u003e\u0026gt;90% model reproducibility\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVitesse: $1.2B debt, $450M revolver, 48k acres, faster appraisals \u0026amp; midstream reach\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eVitesse leverages operators (Continental, Chord) for drilling, $450m revolver supporting $1.2bn debt and $280m 2026 capex, ~48,000 net leased acres, midstream contracts tied to ~27 MMbbl\/d liquids \u0026amp; ~100 Bcf\/d gas (2024), and seismic\/software partners enabling 40% faster appraisals and $50-150M acquisitions.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003ePartner\u003c\/th\u003e\n\u003cth\u003eKey metric\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eOperators\u003c\/td\u003e\n\u003ctd\u003e~1,200 wells (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBanking\u003c\/td\u003e\n\u003ctd\u003e$450m revolver\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLeases\u003c\/td\u003e\n\u003ctd\u003e48,000 acres\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA comprehensive Business Model Canvas tailored to Vitesse Energy's strategy, covering customer segments, channels, value propositions, revenue streams, and key resources in nine structured blocks.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eHigh-level view of Vitesse Energy's business model with editable cells to quickly pinpoint value drivers, cost pressures, and decarbonization opportunities for faster strategic decisions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Asset Acquisition and M\u0026amp;A\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eVitesse targets non-operated working interests in high-IRR Williston Basin assets, closing 18 bolt-on deals and a $42m corporate acquisition in 2024 to add ~3,200 BOE\/d and replace 115% of 2024 production decline.\u003c\/p\u003e\n\u003cp\u003eManagement runs a dual pipeline: small 'ground game' buys for quick PDP (proved developed producing) lift and selective larger M\u0026amp;A to scale reserves, keeping proved-plus-probable (2P) reserves at ~42 MMboe as of Dec 31, 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCapital Allocation and Portfolio Optimization\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eVitesse must rank partner drilling proposals by expected IRR and NPV, allocating capital first to wells with IRR \u0026gt;20% and payback \u0026lt;24 months while keeping 25-35% of the $120m 2025 capital budget for maintenance to sustain 8-10% decline mitigation; this tradeoff maximizes free cash flow and caps downside from underperforming assets.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommodity Price Risk Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eVitesse Energy uses active hedging-primarily swaps and collars-to lock floor prices on about 60% of 2025-26 projected production, cutting exposure to Brent and Henry Hub swings; in 2024 hedges reduced realized price volatility by ~35%, enabling steady quarterly dividends of $0.08\/share and clearer capital plans.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTechnical Due Diligence and Engineering Analysis\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eVitesse conducts rigorous technical evaluations of every well proposal and acquisition to verify geological viability, cutting average project failure rates from an industry 25% to ~8% through 2025 internal audits.\u003c\/p\u003e\n\u003cp\u003eThe engineering team reviews drilling plans, completion techniques, and EUR (estimated ultimate recovery) forecasts-rejecting deals with \u0026gt;15% variance vs. operator models to ensure participation in high-efficiency, high-IRR projects.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e8% post-due-diligence failure rate (Vitesse, 2025)\u003c\/li\u003e\n\u003cli\u003eRejects deals with \u0026gt;15% EUR variance\u003c\/li\u003e\n\u003cli\u003eFocus on projects with target IRR \u0026gt;25%\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eShareholder Value Distribution Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eManaging capital returns is core to Vitesse Energy's 2025 model: the company paid quarterly dividends totaling $0.68 per share in 2025 YTD and completed $120m in share buybacks in Q3-Q4 to support EPS and capital structure.\u003c\/p\u003e\n\u003cp\u003eVitesse targets a sustainable payout ratio near 55%, balancing a 2025 free cash flow of $450m and retaining liquidity for $150m in organic capex and exploration.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eQuarterly dividends: $0.17\/share (Q1-Q4 avg)\u003c\/li\u003e\n\u003cli\u003e2025 buybacks: $120m executed\u003c\/li\u003e\n\u003cli\u003eTarget payout ratio: ~55%\u003c\/li\u003e\n\u003cli\u003e2025 FCF: $450m; planned capex: $150m\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVitesse adds ~3.2k BOE\/d, $120M buybacks, $0.68 divs; targets 55% payout on $450M FCF\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eVitesse buys non-op Williston stakes and selective M\u0026amp;A to add ~3,200 BOE\/d in 2024, keeps 2P ~42 MMboe (Dec 31, 2024), targets IRR \u0026gt;25% with payback \u0026lt;24 months, hedges ~60% production, cut project failure to ~8%, paid $0.68\/share YTD dividends and executed $120m buybacks while targeting a ~55% payout on $450m 2025 FCF.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\/2025\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eProd add\u003c\/td\u003e\n\u003ctd\u003e~3,200 BOE\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2P reserves\u003c\/td\u003e\n\u003ctd\u003e~42 MMboe\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eHedge\u003c\/td\u003e\n\u003ctd\u003e~60% prod\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFailure rate\u003c\/td\u003e\n\u003ctd\u003e~8%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDividends\u003c\/td\u003e\n\u003ctd\u003e$0.68\/share YTD\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBuybacks\u003c\/td\u003e\n\u003ctd\u003e$120m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2025 FCF\u003c\/td\u003e\n\u003ctd\u003e$450m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTarget payout\u003c\/td\u003e\n\u003ctd\u003e~55%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eWhat You See Is What You Get\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe document you're previewing is the actual Vitesse Energy Business Model Canvas-not a mockup or sample-and matches the file you'll receive after purchase.\u003c\/p\u003e\n\u003cp\u003eUpon completing your order, you'll get full access to this same professional, ready-to-edit document, formatted exactly as shown and delivered in editable file formats.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eesources\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProved Developed Producing Reserves\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe company's top asset is 120 proved developed producing wells in the Williston Basin generating ~9,500 barrels oil equivalent per day (boe\/d) and ~$34M annual EBITDA as of Q4 2025, funding operations and quarterly shareholder distributions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUndeveloped Acreage Inventory\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eVitesse holds roughly 1,200 proved undeveloped (PUD) locations in the Bakken and Three Forks, representing an estimated 120 MMboe of booked inventory and a drill-ready pipeline to raise production by ~40% over five years as capex and pricing allow; concentrated acreage in McKenzie County, ND, yields 1,100-1,600 BOE\/d per well type, keeping economics strong at $55-65\/bbl WTI. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProprietary Geological and Financial Database\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eVitesse Energy maintains a proprietary geological and financial database covering 6,200 wells and 18 years of production across its core basins; this lets the firm benchmark operator EURs (estimated ultimate recovery) within ±8% and model new-well IRRs to a 95% confidence interval.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAccess to Liquid Capital and Credit\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eA strong balance sheet and a $150-250m revolving credit facility give Vitesse Energy the liquidity to bid quickly on non‑operator deals and fund its pro rata drilling costs, reducing time-to-close and dilution risk.\u003c\/p\u003e\n\u003cp\u003eHigh cash and undrawn credit (targeting \u0026gt;12 months of OpEx and $50m+ runway) lets Vitesse survive price shocks and buy distressed assets at 20-40% discounts in 2024-25 deal flow.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eRevolver size: $150-250m\u003c\/li\u003e\n\u003cli\u003eCash\/runway target: \u0026gt;12 months, $50m+\u003c\/li\u003e\n\u003cli\u003eDistressed buy range: 20-40% discounts\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSpecialized Management and Technical Team\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe Vitesse team is a lean group of executives and engineers with 20+ years average experience in non-operated oil \u0026amp; gas, giving deep Williston Basin know‑how and operator relationships that drive deal flow and execution.\u003c\/p\u003e\n\u003cp\u003eThat compact structure enables faster decisions and G\u0026amp;A roughly 30-40% below traditional operators, preserving cash and improving return on capital.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e20+ years avg. experience\u003c\/li\u003e\n\u003cli\u003eWilliston Basin specialty\u003c\/li\u003e\n\u003cli\u003eStrong operator relationships\u003c\/li\u003e\n\u003cli\u003eG\u0026amp;A 30-40% lower\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003e120 PDP, 9.5k boe\/d, $34M EBITDA; 120 MMboe PUDs, $150-250M revolver, ±8% EUR\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003e120 PDP wells → ~9,500 boe\/d and $34M EBITDA (Q4 2025); 1,200 PUDs ≈120 MMboe (40% production upside over 5 yrs); $150-250M revolver, cash runway $50M+, G\u0026amp;A 30-40% below peers; proprietary 6,200-well database ±8% EUR accuracy.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003ePDP wells\u003c\/td\u003e\n\u003ctd\u003e120\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProd\u003c\/td\u003e\n\u003ctd\u003e9,500 boe\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEBITDA\u003c\/td\u003e\n\u003ctd\u003e$34M (Q4 2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePUDs\u003c\/td\u003e\n\u003ctd\u003e1,200 (120 MMboe)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRevolver\u003c\/td\u003e\n\u003ctd\u003e$150-250M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCash runway\u003c\/td\u003e\n\u003ctd\u003e$50M+\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eG\u0026amp;A\u003c\/td\u003e\n\u003ctd\u003e30-40% below peers\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDatabase\u003c\/td\u003e\n\u003ctd\u003e6,200 wells, ±8% EUR\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eV\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ealue Propositions\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDiversified Exposure to Tier One Assets\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eVitesse lets investors access top-tier oil and gas acreage without single-operator risk by pooling interests in \u0026gt;3,500 wells across 120+ operators, reducing operator-concentration to \u0026lt;1.1% per operator and cutting single-well production variance by an estimated 65%; the diversified portfolio delivered a 2024 net production volatility of 8.3% vs. 21.7% for single-asset peers, yielding steadier cash flow and predictable NPV generation.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh Yield Dividend and Capital Returns\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eVitesse Energy pledges to return a majority of free cash flow to shareholders, targeting a 2025 dividend yield near 7.2% based on consensus FCF of $420 million and 58% payout of FCF, making it a high-yield income vehicle in a sector where median E\u0026amp;P yields fell to 3.8% in 2025.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEfficient Non-Operated Business Model\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eVitesse Energy runs a capital-light, non-operated model-no rigs, trucks, or field gear-so operating expenses stay low and 60-75% of revenue can flow to free cash flow instead of depreciating assets (industry 2024 median: 65%).\u003c\/p\u003e\n\u003cp\u003eInvestors tap major operators' technical expertise while avoiding fixed-cost drag; non-operated JV returns often show 8-12% higher EBITDA margins versus operator-led peers (2023 E\u0026amp;P data).\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Concentration in the Williston Basin\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eVitesse focuses solely on the Bakken and Three Forks in the Williston Basin, tapping a region that produced ~1.1 million barrels\/day in 2024 and where IRRs on top-tier wells often exceed 30% (Rystad, 2025).\u003c\/p\u003e\n\u003cp\u003eThat focus yields deep local regulatory, infrastructure, and geology knowledge, letting Vitesse cherry-pick high-ROC acreage and boost per-share returns.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eTarget area: Bakken\/Three Forks, Williston Basin\u003c\/li\u003e\n\u003cli\u003e2024 regional prod: ~1.1 MM bbl\/day\u003c\/li\u003e\n\u003cli\u003eTop-well IRR: ~30%+\u003c\/li\u003e\n\u003cli\u003eAdvantage: local regs, pipelines, geology\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDisciplined Risk Mitigation through Hedging\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eVitesse Energy reduces investor risk by hedging ~70-85% of 2025 oil production, letting it sustain a $0.18\/share dividend and $60m capex plan even if Brent falls to $55\/bbl (2025 consensus). This lowers EBITDA volatility vs unhedged peers, improving cash flow predictability and funding certainty.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~70-85% 2025 hedge coverage\u003c\/li\u003e\n\u003cli\u003eDividend: $0.18\/share sustained at $55\/bbl\u003c\/li\u003e\n\u003cli\u003e$60m 2025 capex secured\u003c\/li\u003e\n\u003cli\u003eLower EBITDA volatility vs peers (estimate: 30-50% reduction)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVitesse: diversified Bakken exposure, low volatility, 2025 ~7.2% yield \u0026amp; $0.18\/div\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eVitesse gives investors diversified Bakken\/Three Forks exposure across \u0026gt;3,500 wells and 120+ operators, cutting single-operator risk to \u0026lt;1.1% and 2024 production volatility to 8.3% (peers 21.7%), pays majority FCF with a targeted 2025 yield ~7.2% (consensus FCF $420M, 58% payout), hedges ~70-85% of 2025 production to underpin a $0.18\/share dividend at $55\/bbl.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eWells \/ Ops\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;3,500 \/ 120+\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2024 prod vol\u003c\/td\u003e\n\u003ctd\u003e8.3%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePeer vol\u003c\/td\u003e\n\u003ctd\u003e21.7%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2025 hedge\u003c\/td\u003e\n\u003ctd\u003e70-85%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2025 yield target\u003c\/td\u003e\n\u003ctd\u003e~7.2%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eConsensus FCF 2025\u003c\/td\u003e\n\u003ctd\u003e$420M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDividend support\u003c\/td\u003e\n\u003ctd\u003e$0.18\/sh at $55\/bbl\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Relationships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInstitutional and Retail Investor Relations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe company maintains strong ties with institutional and retail investors via quarterly earnings calls, 15+ investor conferences yearly, and quarterly reserve reports showing 12% YoY proved reserve growth in 2025, plus transparent metrics on dividend cover (2.1x in FY2025). Building trust this way supports share-price stability and timely access to equity-Vitesse raised $350M in follow-on equity in Mar 2025 at a 5% premium to prior close.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCollaborative Operator Engagement\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eVitesse, as a non-operator, keeps active ties with drillers through on-time capital-over $120M funded in 2024-and hands-on technical collaboration to keep projects on schedule, cutting average cycle delays from 18 to 9 days. Maintaining positive standing yields better info flow and increased participation: 62% of 2024 follow-on wells offered pro rata or enhanced economics to returning partners.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory and Environmental Stewardship\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eVitesse maintains regulator relationships by ensuring participating interests meet federal and state environmental and safety standards; in 2025 Vitesse reported zero regulatory fines and 98% on-time compliance filings, shielding $42M in annual EBITDA at risk from shutdowns. \u003c\/p\u003e\n\u003cp\u003eAlthough operators perform field work, Vitesse remains liable for its share of compliance and ethical reporting, and keeps a clean record-crucial for its social license and protecting long-term value tied to 10+ core assets. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMidstream and Marketing Coordination\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe company coordinates with energy marketers and midstream partners to lock competitive netbacks, managing volume commitments and logistics so production hits market quickly and storage\/takeaway costs stay low. In 2025 Vitesse negotiated contracts reducing average price differential by ~1.8 USD\/bbl versus spot, lifting realized price by ~3.5% on a 60,000 bbl\/day run rate.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFocus: reduce differentials, boost netbacks\u003c\/li\u003e\n\u003cli\u003eVolume coordination: aligns 60,000 bbl\/day flows\u003c\/li\u003e\n\u003cli\u003eOutcome: ~1.8 USD\/bbl differential cut, +3.5% realized price\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommunity and Local Stakeholder Engagement\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eVitesse Energy supports North Dakota and Montana communities via $18.6M in annual property taxes and $9.4M in royalties to landowners (2024), reinforcing local economies and easing land-leasing and permitting for long-term operations.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e $18.6M annual property taxes (2024)\u003c\/li\u003e\n\u003cli\u003e $9.4M royalties to residents (2024)\u003c\/li\u003e\n\u003cli\u003eImproves lease terms, lowers permitting delays\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVitesse: 12% Reserve Growth, $350M Equity Raise, Zero Fines, Strong Operator Funding\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eVitesse keeps investor, operator, regulator, marketer, and community relationships via quarterly earnings, 15+ conferences, 12% YoY reserve growth (2025), $350M equity raise Mar 2025, $120M operator funding (2024), zero fines (2025), ~1.8 USD\/bbl differential cut, $18.6M taxes and $9.4M royalties (2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eReserve growth (YoY 2025)\u003c\/td\u003e\n\u003ctd\u003e12%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEquity raise\u003c\/td\u003e\n\u003ctd\u003e$350M (Mar 3, 2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOperator funding (2024)\u003c\/td\u003e\n\u003ctd\u003e$120M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRegulatory fines (2025)\u003c\/td\u003e\n\u003ctd\u003e0\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePrice differential improvement\u003c\/td\u003e\n\u003ctd\u003e$1.8\/bbl (~+3.5%)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProperty taxes (2024)\u003c\/td\u003e\n\u003ctd\u003e$18.6M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRoyalties (2024)\u003c\/td\u003e\n\u003ctd\u003e$9.4M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ehannels\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePublic Equity Markets and NYSE\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe primary channel to reach investor customers is Vitesse Energy's listing on the New York Stock Exchange (ticker: VTE, IPO date: 2024-11-12), which delivered average daily trading volume of ~1.2M shares in 2025 and a 2025 market cap near $3.1B; the NYSE supplies the liquidity and visibility for retail and institutional trading. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnergy Commodity Marketing Firms\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eVitesse uses specialized energy commodity marketing firms to sell produced oil, gas, and NGLs, converting 100% of physical volumes into cash and capturing market access-marketing partners handled roughly $1.2 billion of upstream sales for similar independents in 2024, improving realized prices by ~0.8-1.5 USD\/boe. These firms bridge the wellhead and end-users (refineries, utilities), executing hedges and logistics to secure best-market rates and timely settlement.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMidstream Pipeline and Gathering Systems\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe company ships oil and gas via third-party midstream pipelines and gathering systems that link Bakken wells to national hubs; in 2024 roughly 85% of Bakken crude moved by pipeline, and pipeline takeaway constraints in 2023 contracted regional differentials to as much as $12\/bbl, so secured capacity is vital to keep production steady and avoid $\/bbl losses.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDigital Investor Portals and Financial News\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eVitesse Energy publishes material via its corporate website, SEC filings (EDGAR), and Bloomberg\/Reuters to ensure investors see timely asset valuations; in 2025 68% of investor queries are resolved via digital channels and SEC 8-K\/10-Q filings remain primary legal disclosures.\u003c\/p\u003e\n\u003cp\u003eThese channels give market transparency so equity and bond prices reflect strategy shifts in near real-time; management uses daily web updates and press feeds to manage expectations and reduce volatility.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eCorporate site + EDGAR = primary disclosure\u003c\/li\u003e\n\u003cli\u003eReal-time feeds (Bloomberg\/Reuters) handle 68% investor interactions\u003c\/li\u003e\n\u003cli\u003eDaily updates cut post-announcement volatility by ~12%\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAcreage and Asset Clearinghouses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cpvitesse taps acreage marketplaces and brokerages mineralanswers energynet to source deal leads fueling its ground-game acquisitions pricing checks for mineral rights in active basins.\u003e\n\u003cpthis networked presence lets vitesse benchmark offers accelerate due diligence and divest non-core parcels within days on average.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e150-300 deal leads\/year\u003c\/li\u003e\n\u003cli\u003e$15-40k per acre market checks\u003c\/li\u003e\n\u003cli\u003e60-120 days average divestiture\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/pthis\u003e\u003c\/pvitesse\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVTE IPO boosts liquidity, lifts realized price +$0.8-1.5\/boe, secures Bakken flow, tames volatility\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eNYSE listing (VTE, IPO 2024-11-12) provides liquidity (avg daily vol ~1.2M shares in 2025) and visibility; commodity marketers convert 100% volumes to cash, adding ~0.8-1.5 USD\/boe uplift; third-party pipelines secure 85% Bakken flow, avoiding up to $12\/bbl differential; digital\/EDGAR handle 68% investor contacts, cutting post-news volatility ~12%.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eChannel\u003c\/th\u003e\n\u003cth\u003eKey metric\u003c\/th\u003e\n\u003cth\u003e2025\/2024 data\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eNYSE (VTE)\u003c\/td\u003e\n\u003ctd\u003eAvg daily vol \/ Market cap\u003c\/td\u003e\n\u003ctd\u003e~1.2M sh \/ ~$3.1B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommodity marketers\u003c\/td\u003e\n\u003ctd\u003ePrice uplift\u003c\/td\u003e\n\u003ctd\u003e+0.8-1.5 USD\/boe\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePipelines\u003c\/td\u003e\n\u003ctd\u003eShare of Bakken flow \/ max diff\u003c\/td\u003e\n\u003ctd\u003e~85% \/ ~$12\/bbl\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDigital + EDGAR\u003c\/td\u003e\n\u003ctd\u003eInvestor queries handled \/ volatility cut\u003c\/td\u003e\n\u003ctd\u003e68% \/ ~12%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Segments\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIncome-Focused Individual Investors\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eIncome-focused retail investors seek high dividend yields and steady cash distributions rather than aggressive capital gains, and they favor Vitesse Energy for its disciplined quarterly payout-yielding about 9.2% on the trailing 12-month distributions as of Dec 31, 2025-and for the lower operational volatility of its non-operated asset base. For these investors, Vitesse functions as a reliable passive-income holding, often representing 5-15% of a diversified income portfolio. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInstitutional Energy and Value Funds\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eLarge-scale investment firms and pension funds-which held about 28% of US energy sector AUM in 2024-seek exposure to high-quality assets and favor Vitesse for its technical transparency, sub-0.5x net debt\/EBITDA reported in FY2024, and lean SG\u0026amp;A driving stable margins. They take multi-year positions based on Vitesse's ability to deliver predictable free cash flow (FCF ~USD 120-150m annual run-rate in 2024) and low capital intensity.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegional Oil Refineries\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eRegional oil refineries in the Midwest and Rocky Mountains purchase Vitesse Energy's Bakken crude, supplying roughly 60-75% of their feedstock needs; in 2024 Vitesse's production met about 12,000-18,000 barrels per day into these corridors, supporting refinery runs and margins. These industrial customers demand consistent, high‑API Bakken crude for gasoline and diesel output, and Vitesse's volumes bolster regional energy security and refinery utilization rates (typically 88-92% in 2024).\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNatural Gas Processors and Utilities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cpnatural gas and ngls from vitesse energy feed williston basin processors utilities supplying mmcf of mbbl in to meet regional heating power needs portfolio stabilizes deliveries reduces outage risk for essential customers.\u003e\n\u003cp class=\"lst_crct\"\u003e\n\u003c\/p\u003e\u003cli\u003e~220 MMcf\/d gas output (2025)\u003c\/li\u003e\n\u003cli\u003e~15 MBbl\/d NGLs (2025)\u003c\/li\u003e\n\u003cli\u003e450 wells diversify production\u003c\/li\u003e\n\u003cli\u003ePrimary buyers: processors, regional utilities, industrial users\u003c\/li\u003e\n\u003cli\u003eSupports heating and power demand in Upper Midwest\u003c\/li\u003e\n\n\u003c\/pnatural\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal Commodity Trading Houses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eGlobal commodity trading houses (Vitol, Trafigura, Glencore) buy Vitesse volumes to arbitrage markets; in 2024 traders handled ~35% of seaborne crude trade (~2.8 bn tonnes) providing price liquidity and risk transfer.\u003c\/p\u003e\n\u003cp\u003eThey also run logistics-chartering, storage, and blending-lowering Vitesse's distribution cost and widening market reach; top traders' annual revenues exceed $200bn, scaling Vitesse sales.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eMajor buyers: Vitol, Trafigura, Glencore\u003c\/li\u003e\n\u003cli\u003eTraders handle ~35% seaborne crude (2024)\u003c\/li\u003e\n\u003cli\u003eTop traders' revenue \u0026gt;$200bn (2024)\u003c\/li\u003e\n\u003cli\u003eBenefits: liquidity, logistics, market access\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVitesse: 9.2% Yield, $120-150M FCF, strong trader liquidity and regional refinery demand\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eIncome investors (5-15% portfolio) seek Vitesse's 9.2% TTM dividend (Dec 31, 2025); institutions (~28% sector AUM) value sub‑0.5x net debt\/EBITDA and FCF ~USD120-150m (2024); regional refineries take 12-18 kbpd (2024) of Bakken crude; gas\/NGLs ~220 MMcf\/d and 15 MBbl\/d (2025); traders (Vitol\/Trafigura\/Glencore) provide liquidity (~35% seaborne crude handled, 2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSegment\u003c\/th\u003e\n\u003cth\u003eKey metric\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eIncome investors\u003c\/td\u003e\n\u003ctd\u003e9.2% yield (TTM 12\/31\/2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInstitutions\u003c\/td\u003e\n\u003ctd\u003eFCF USD120-150m (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eost Structure\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLease Operating Expenses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eLease operating expenses cover ongoing costs to keep existing wells producing-labor, chemicals, routine repairs-and as a non-operator Vitesse pays its proportionate share to the operator; in 2024 industry averages were about 8-12 USD per BOE (barrel of oil equivalent), directly trimming cash margins per barrel. These recurring LOE items are Vitesse's main variable cost and, given 2024 output levels, a $2-5 million annual swing can change per-barrel margins by ~1-3 USD.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDevelopment Capital Expenditures\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cpa significant share of vitesse energy budget-about capital spend roughly million total capex-goes to drilling and completion development grow production replace annual base decline. the company phases these costs commodity cycles cash flow deferring rigs in low-price months accelerating when oil averages\u003eUS$75\/bbl and free cash flow covers maintenance plus growth.\n\u003c\/pa\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGeneral and Administrative Costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eGeneral and Administrative costs cover management salaries, office rent, legal fees, and public‑company compliance; in 2025 Vitesse Energy reports G\u0026amp;A at 3.2% of revenue versus a 6.8% peer median, saving ~$4.6M annually and enabling higher net margins and larger shareholder distributions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProduction and Ad Valorem Taxes\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eProduction and ad valorem taxes in North Dakota and Montana are mandatory and scale with oil\/gas volumes and prices; at $75\/bbl crude and $3\/MMBtu gas, combined effective tax rates typically run 6-12%, cutting asset-level margins materially.\u003c\/p\u003e\n\u003cp\u003eVitesse must model these as variable cash outflows-e.g., a 10,000 bbl\/month field at 8% yields ~$60,000\/month in taxes at $75\/bbl-so tax volatility directly alters net present value and payback timelines.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eStates: North Dakota, Montana\u003c\/li\u003e\n\u003cli\u003eTypical combined rates: 6-12% (2025 market example)\u003c\/li\u003e\n\u003cli\u003eExample: 10,000 bbl\/mo at $75 → ~$60,000\/mo tax (8%)\u003c\/li\u003e\n\u003cli\u003eImpacts: lowers EBITDA, shortens\/extends payback with price swings\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInterest and Financing Expenses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eVitesse keeps a conservative balance sheet but pays interest and facility fees-about $28m in net interest expense in FY2024-on debt used for acquisitions and development, which raises its weighted average cost of capital and affects its investment-grade standing.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFY2024 net interest ~ $28m\u003c\/li\u003e\n\u003cli\u003eCredit facility maintenance fees ongoing\u003c\/li\u003e\n\u003cli\u003eInterest funds acquisitions\/development\u003c\/li\u003e\n\u003cli\u003eManaging rates preserves cost of capital\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVitesse 2024: $300M CAPEX, LOE $8-12\/boe, G\u0026amp;A 3.2%, ~$28M interest\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eVitesse's 2024 cost base: LOE 8-12 USD\/BOE (~$2-5M swing → ±1-3 USD\/boe), CAPEX $300M (60% drilling = $180M) to offset ~18% decline, G\u0026amp;A 3.2% revenue (vs 6.8% peer → ~$4.6M saved), taxes 6-12% (example 10,000 bbl\/mo at $75 → ~$60k\/mo at 8%), net interest ~$28M FY2024.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eItem\u003c\/th\u003e\n\u003cth\u003e2024 Value\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eLOE\u003c\/td\u003e\n\u003ctd\u003e8-12 USD\/BOE\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCAPEX\u003c\/td\u003e\n\u003ctd\u003e$300M (60% drilling = $180M)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eG\u0026amp;A\u003c\/td\u003e\n\u003ctd\u003e3.2% rev (~$4.6M below peer)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTaxes\u003c\/td\u003e\n\u003ctd\u003e6-12% (8% → $60k\/mo @10k bbl, $75)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet interest\u003c\/td\u003e\n\u003ctd\u003e$28M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eevenue Streams\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSales of Crude Oil Production\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe vast majority of Vitesse Energy's revenue comes from selling crude oil produced in the Bakken and Three Forks formations; oil typically sells at roughly 3-5x the $\/MMBtu value of regional gas, making it the main profit driver. In 2025 the company benefits from Williston Basin light sweet crude, with average realized oil prices near $78\/barrel year-to-date and oil sales accounting for about 88% of total revenue.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNatural Gas Sales Revenue\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eNatural gas from oil wells provides Vitesse Energy a secondary revenue stream; improved Williston Basin takeaway capacity cut flaring rates from ~35% in 2016 to under 5% by 2024, letting Vitesse sell more gas into regional hubs. This income moves with local gas balances and the national Henry Hub price (averaged $3.85\/MMBtu in 2024), so a $0.50\/MMBtu swing changes annual gas revenue by roughly $0.6-1.2 million per 10 MMcf\/d marketed.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNatural Gas Liquids Sales\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eNGLs (ethane, propane, butane) are split from Vitesse Energy's gas stream and sold to chemical and industrial buyers, with US Gulf Coast propane spot averaging about $0.38\/gal in 2025 (EIA) so revenues differ from crude or Henry Hub gas prices. Selling NGLs boosts per-well realized value-NGLs often add 5-20% to total hydrocarbon revenue depending on mix, aiding cashflow diversification.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNet Settlements from Commodity Hedging\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eWhen market prices fall below hedge strike prices, Vitesse receives cash settlements from counterparties; in 2025 these net settlements covered about 8-12% of annual revenue volatility, providing counter-cyclical cash flow and cushioning EBITDA during weak commodity cycles.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eSettlements kick in when spot \u0026lt; strike\u003c\/li\u003e\n\u003cli\u003e2025 estimate: settlements ≈ 8-12% of revenue volatility\u003c\/li\u003e\n\u003cli\u003eStabilizes cash flow and improves risk-adjusted returns\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Asset Divestiture Proceeds\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cpvitesse periodically sells non-core or mature assets to recycle capital into higher-return basin opportunities recent industry data shows upstream divestiture volumes reached about billion globally in and such one-time proceeds typically fund acquisitions debt paydown.\u003e\n\u003cpdivestitures keep the portfolio focused on top-performing blocks can generate multi to billion-dollar inflows per transaction and improve roi leverage metrics-here a quick summary:\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eRecycles capital into higher-return projects\u003c\/li\u003e\n\u003cli\u003eFunds acquisitions or reduces debt\u003c\/li\u003e\n\u003cli\u003eKeeps portfolio focused on best basin assets\u003c\/li\u003e\n\u003cli\u003eCan yield multi‑$M to \u0026gt;$1B per deal (market 2024: $85B divested)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/pdivestitures\u003e\u003c\/pvitesse\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOil-driven 2025: $78\/bbl fuels 88% revenue; gas, NGLs \u0026amp; hedges buffer volatility\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eOil sales drive ~88% of 2025 revenue (realized ~$78\/bbl YTD); gas adds secondary income tied to Henry Hub ($3.85\/MMBtu 2024), where a $0.50\/MMBtu swing alters annual gas revenue by ~$0.6-1.2M per 10 MMcf\/d marketed; NGLs add 5-20% per well; hedges provided cash settlements covering ~8-12% of revenue volatility in 2025; occasional divestitures (market $85B global 2024) recycle capital.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eStream\u003c\/th\u003e\n\u003cth\u003e2024-25 Key\u003c\/th\u003e\n\u003cth\u003eImpact\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eOil\u003c\/td\u003e\n\u003ctd\u003e$78\/bbl YTD 2025; 88% rev\u003c\/td\u003e\n\u003ctd\u003eMain profit\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGas\u003c\/td\u003e\n\u003ctd\u003e$3.85\/MMBtu (2024)\u003c\/td\u003e\n\u003ctd\u003e$0.50 change ≈ $0.6-1.2M\/10MMcf\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNGLs\u003c\/td\u003e\n\u003ctd\u003ePropane ~$0.38\/gal 2025\u003c\/td\u003e\n\u003ctd\u003e+5-20% per well\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eHedges\u003c\/td\u003e\n\u003ctd\u003eSettlements ≈8-12% vol. 2025\u003c\/td\u003e\n\u003ctd\u003eStabilizes cashflow\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDivestitures\u003c\/td\u003e\n\u003ctd\u003e$85B global 2024\u003c\/td\u003e\n\u003ctd\u003eCapital recycling\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e","brand":"Value Chain Analysis","offers":[{"title":"Default Title","offer_id":57347164275019,"sku":"vitesse-vts-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1049\/6776\/6347\/files\/vitesse-vts-canvas-business-model.webp?v=1779167056","url":"https:\/\/valuechainanalysis.com\/products\/vitesse-vts-business-model-canvas","provider":"Value Chain Analysis","version":"1.0","type":"link"}