The information on this website is provided by Vital Energy, Inc. (“Vital”, “we” “us” or words of similar import) as a service to our visitors to our website and may be used only for informational purposes.
Legal Disclaimer. THE INFORMATION CONTAINED ON THIS WEBSITE (“INFORMATION”) IS PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL VITAL OR OUR OFFICERS, DIRECTORS, AGENTS OR OTHER REPRESENTATIVES BE LIABLE FOR ANY DAMAGES WHATSOEVER ARISING OUT OF THE USE OF OR INABILITY TO USE THE INFORMATION, EVEN IF SUCH PERSONS OR ENTITIES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. We do not warrant the accuracy or completeness of the materials, text, graphics, links or other items contained within the Information. Although we regularly monitor this website for accuracy, you should assume that Information is current only as of the day it is published on this website. We reserve the right to make changes to the Information at any time without notice. However, we disclaim any and all duty or obligation to update the Information.
SEC Information. Certain of the Information provided on this website has been filed with the Securities and Exchange Commission (“SEC”) (such Information being referred to as “SEC Information”). We do not assume any duty of disclosure beyond that which is imposed by law and expressly disclaim any duty to update any Information contained in the SEC Information.
SEC Information may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we assume, plan, expect, believe or anticipate will or may occur in the future are forward-looking statements. The words “believe,” “expect,” “may,” “estimate,” “will,” “anticipate,” “plan,” “project,” “intend,” “indicate,” “foresee,” “forecast,” “guidance,” “should,” “would,” “could,” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. However, the absence of these words does not mean that the statements are not forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained herein specifically include the expectations of plans, strategies, objectives and anticipated financial and operating results, including as to our drilling program, production, hedging activities, capital expenditure levels and other guidance. These statements are based on certain assumptions made by us based on management’s expectations and perception of historical trends, current conditions, anticipated future developments and rate of return and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include risks relating to financial performance and results, current economic conditions and resulting capital restraints, prices and demand for oil and natural gas, availability and cost of drilling equipment and personnel, availability of sufficient capital to execute our business plan, impact of compliance with legislation and regulations, successful results from our identified drilling locations, our ability to replace reserves and efficiently develop and exploit its current reserves and other important factors that could cause actual results to differ materially from those projected as described in our reports filed with the SEC.
The SEC generally permits oil and gas companies to disclose proved reserves, which are reserve estimates that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions and certain probable and possible reserves that meet the SEC’s definitions for such terms. We may use the terms “unproved reserves”, “resource potential”, “estimated ultimate recovery”, “EUR”, “development ready”, “horizontal commerciality confirmed”, “horizontal commerciality untested” or other descriptions of potential reserves or volumes of reserves which the SEC guidelines restrict from being included in filings with the SEC without strict compliance with SEC definitions. Unproved reserves refer to our internal estimates of hydrocarbon quantities that may be potentially discovered through exploratory drilling or recovered with additional drilling or recovery techniques. Resource potential is used by us to refer to the estimated quantities of hydrocarbons that may be added to proved reserves, largely from a specified resource play. A resource play is a term used by us to describe an accumulation of hydrocarbons known to exist over a large areal expanse and/or thick vertical section, which, when compared to a conventional play, typically has a lower geological and/or commercial development risk. We do not choose to include unproved reserve estimates in our filings with the SEC. Estimated ultimate recovery, or EUR, refers to our internal estimates of per-well hydrocarbon quantities that may be potentially recovered from a hypothetical and/or actual well completed in the area. Actual quantities that may be ultimately recovered from our interests are unknown. Factors affecting ultimate recovery include the scope of our ongoing drilling program, which will be directly affected by the availability of capital, drilling and production costs, availability and cost of drilling services and equipment, lease expirations, transportation constraints, regulatory approvals and other factors, as well as actual drilling results, including geological and mechanical factors affecting recovery rates. Estimates of ultimate recovery from reserves may change significantly as development of our core assets provide additional data. In addition, our production forecasts and expectations for future periods are dependent upon many assumptions, including estimates of production decline rates from existing wells and the undertaking and outcome of future drilling activity, which may be affected by significant commodity price declines or drilling cost increases.
Users of this website are urged to consider closely the disclosures in our periodic filings with the SEC. Such filings are available from Vital at 521 East 2nd Street, Suite 1000, Tulsa, OK 74120, Attention: Investor Relations, and at the “Investor Relations, SEC Filings” section of this website. These filings also can be obtained from the SEC by accessing its EDGAR database at: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001528129&owner=exclude&count=40.
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Links. Any third-party linked websites that may be contained on the website are generally provided for the convenience of the user and are not under the control of Vital and (other than SEC Information which we have filed with the SEC on its EDGAR database) we are not responsible for the content of any linked website or any link contained in a linked website. Unless otherwise required by applicable law or regulation, we reserve the right to terminate any link or linking program at any time. We do not endorse companies, products or services to which links may be associated. If you decide to access any of the third-party websites linked to this website, you do so entirely at your own risk and volition.