Vitesse Energy’s Q2 production rises 9% sequentially
Vitesse Energy’s second-quarter results showed higher production due to its early-April Powder River Basin acquisition.
The company’s production averaged 17,354 barrels of oil equivalent per day, with oil representing 60% of production.
The company’s board declared a third-quarter cash dividend at an annualized rate of $1.75 per share, marking the 15th consecutive quarterly dividend.
Adjusted EBITDA totaled $40.2 million, with cumulative dividends declared totaling $7.6375 per share.