Vital Energy, in partnership with Northern Oil and Gas Inc., has struck a deal with private equity-backed Point Energy Partners to buy its Permian assets for $1.1 billion. Vital Energy will acquire 80% of the assets, with the remainder going to Northern Oil and Gas. The transaction will be all-cash, Vital Energy said. The assets that Vital will acquire will add 30,000 bpd to its daily output and some 16,300 net acres to its total acreage. The deal is the latest move in a continuing consolidation push in the shale space that has seen several megadeals…
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