Vital Energy acquires and develops oil and gas resources in the largest and most productive hydrocarbon region in the world, the Permian Basin. We focus on this thriving area because it best meets our goal to make energy plentiful and accessible to humanity, responsibly, over the long term. While our current holdings are fully within the Permian, our acquisition and development strategy considers all high-margin assets that can help sustain our business and fuel our purpose.
Better decisions through digital
Vital Energy embraces digital transformation like no other company in our space. We believe the potential for profound progress in our industry is limitless. This is our mindset. And it has spurred us to make several high-impact advancements. A few highlights include:
Dynamic Routing | Using AI algorithms, we optimally route lease operators to the highest value opportunities in the field.
Emissions Prevention | Computer vision and thermal cameras detect flaring and venting events, prompting fast remediation and prevention of further releases.
Optimal Chemical Usage | Water rates are fed to the cloud and IoT devices automatically adjust chemical injection rates.
ESP Well Optimization | AI algorithms automatically adjust back pressure, pump speed and other settings to maximize production and well life.
These are just the beginning. We see immense opportunities to harness the power of data to drive efficiencies and improve decision-making, so we can produce more energy in better ways to sustainably power our planet. In fact, this area warrants so much focus that we formed Vital Energy Technologies, a subsidiary charged with innovating the future of our company, and in many ways our industry.