Vital Energy, Inc. (NYSE:VTLE) Q4 2023 Earnings Call Transcript

So there’s less competition for us in some of these areas. So I think that’s also exciting for us because when the competition is high, you just get it up to a higher level. So I think everything is again happening in the macro environment is actually good for Vital Energy. But again, we’ve proven here that we can add, again, 185 wells at a very low cost just because of our technical work. And that’s — this wouldn’t have been possible to add these wells today if we hadn’t done the work we did in 2023. So I think we’re just — again, in a great shape, Bryan and his team have done a good job of having our balance sheet in a position that if we want to do something, we can, but it’s not — we don’t have to do anything in 2023 because we’ve, again, got new stuff coming on and ahead of us.

So we’re excited about where we sit today.

Derrick Whitfield: Terrific. Great update. Thanks for your time.

Operator: There are no further questions at this time. Mr. Hagood, I turn the call back over to you.

Ron Hagood: Thank you for your interest in Vital Energy. This concludes today’s call. Have a great morning.

Operator: This concludes today’s conference call. You may now disconnect.