Bracewell Advises Driftwood Energy in Sale to Vital Energy

HOUSTON – Bracewell LLP is representing Driftwood Energy Operating, LLC in the sale of its Midland Basin assets to Vital Energy, Inc. (NYSE: VTLE), inclusive of all leasehold interests and hedges, in exchange for 1,578,948 shares of Vital common stock and $127.6 million in cash.

The transaction is expected to close early in April 2023.

Partners: Molly E. Butkus, Charles H. Still Jr., Timothy A. Wilkins and Daniel E. Hemli

Associates: John L. Stavinoha III and Jay Harper