Vitesse Energy Announces Significant Hedging Update and Board Transition
Vitesse Energy Announces Significant Hedging Update and Board Member Transition
Key Highlights for Investors
- Substantial Increase in Hedging Activity: Vitesse Energy, Inc. has announced a major update to its hedging strategy, securing additional crude oil, natural gas, and NGL (Natural Gas Liquids) hedges through 2027. This move is designed to support the company’s ability to maintain its dividend and financial stability, even in volatile commodity price environments.
- Board Member Resignation: The company announced the resignation of M. Bruce Chernoff from its Board of Directors, effective March 13, 2026, due to personal time constraints.
- Commitment to Shareholder Returns: Vitesse reiterates its focus on returning capital to shareholders, primarily through its non-operating interests in oil and gas wells.
Detailed Hedging Update
Vitesse Energy has significantly increased its hedging position since its last quarterly results, adding substantial new contracts in response to the recent commodity price environment.
Approximately 67% of the company’s 2026 oil production is now hedged at price levels aimed at supporting its dividend policy and ensuring cash flow predictability.
Crude Oil Swaps
| Settlement Period |
Volume Hedged (Bbls) |
Weighted Average Price (\$/Bbl, WTI-NYMEX) |
| Q1 2026 |
529,291 |
\$65.87 |
| Q2 2026 |
613,509 |
\$66.77 |
| Q3 2026 |
490,679 |
\$65.01 |
| Q4 2026 |
427,155 |
\$64.20 |
| Q1 2027 |
135,000 |
\$63.51 |
| Q2 2027 |
330,000 |
\$65.25 |
| Q4 2027 |
285,000 |
\$65.74 |
Crude Oil Collars
| Settlement Period |
Volume Hedged (Bbls) |
Weighted Average Floor/Ceiling (\$/Bbl, WTI-NYMEX) |
| Q1 2026 |
15,000 |
\$60.00 / \$70.00 |
| Q2 2026 |
135,000 |
\$60.00 / \$70.00 |
| Q3 2026 |
168,000 |
\$58.04 / \$67.51 |
| Q4 2026 |
168,000 |
\$58.04 / \$67.51 |
| Q1 2027 |
300,000 |
\$55.75 / \$66.44 |
| Q2 2027 |
45,000 |
\$60.00 / \$64.25 |
Natural Gas Collars
| Settlement Period |
Volume Hedged (MMbtu) |
Weighted Average Floor/Ceiling (\$, Henry Hub-NYMEX) |
| Q1 2026 |
1,526,700 |
\$3.73 / \$4.94 |
| Q2 2026 |
1,578,700 |
\$3.73 / \$4.91 |
| Q3 2026 |
1,510,800 |
\$3.73 / \$4.90 |
| Q4 2026 |
1,452,700 |
\$3.73 / \$4.90 |
| Q1 2027 |
795,000 |
\$4.00 / \$5.68 |
Natural Gas Basis Swaps
| Settlement Period |
Volume Hedged (MMbtu) |
Weighted Average Price (\$, Chicago City Gate to Henry Hub) |
| 2026 |
6,068,900 |
\$(0.10) |
| 2027 |
795,000 |
\$0.30 |
Natural Gas Liquids Swaps
| Product |
Settlement Period |
Volume Hedged (Gallons) |
Weighted Average Price (\$) |
| Mont Belvieu Ethane |
2026 |
2,176,000 |
\$0.26 |
| Conway Propane |
2026 |
3,323,000 |
\$0.71 |
| Mont Belvieu Iso-Butane |
2026 |
417,000 |
\$0.91 |
| Mont Belvieu Normal Butane |
2026 |
1,248,000 |
\$0.88 |
| Mont Belvieu Natural Gasoline |
2026 |
41,000 |
\$1.34 |
| Conway Propane |
2027 |
1,560,000 |
\$0.67 |
| Mont Belvieu Iso-Butane |
2027 |
180,000 |
\$0.84 |
| Mont Belvieu Normal Butane |
2027 |
600,000 |
\$0.81 |
| Mont Belvieu Natural Gasoline |
2027 |
720,000 |
\$1.29 |
Board Member Transition
On March 13, 2026, Mr. M. Bruce Chernoff, a director who joined the Vitesse Board after the company’s merger with Lucero Energy Corp., resigned due to personal time constraints. The board and company expressed their gratitude to Mr. Chernoff for his valuable contributions during his tenure.
Company Overview
Vitesse Energy, Inc. is focused on maximizing shareholder value through capital returns, primarily by holding non-operating interests in oil and gas wells managed by leading U.S. operators. Investors can learn more about the company at www.vitesse-vts.com.
Forward-Looking Statements and Risks
This announcement contains forward-looking statements regarding Vitesse’s financial position, hedging strategy, dividend policy, and future plans. These statements are subject to numerous risks and uncertainties, including but not limited to:
- Fluctuations in oil and natural gas prices
- Pace of drilling and completion activities
- Ability to acquire additional development opportunities
- Integration and benefits of acquisitions
- Infrastructure constraints, cost inflation, and supply chain disruptions
- Legal disputes, such as those involving the Dakota Access Pipeline
- General economic and industry conditions
- Changes in regulatory environments and interest rates
- Potential for cyber risks and financial or political instability
These and other risk factors are detailed in the company’s SEC filings, including its Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.
Investor Contacts
For more information, investors and analysts may contact:
Ben Messier, CFA
Director – Investor Relations and Business Development
Phone: (720) 532-8232
Email: [email protected]
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with their financial advisors before making investment decisions. The information presented herein is based on company disclosures and may be subject to change. Forward-looking statements are inherently subject to risks and uncertainties, as discussed above.
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