Non-operating assets Vitesse Oil is a non-operating owner with a large undeveloped inventory (over 90% of value in undeveloped drilling locations) across Bakken counties, presenting opportunities to monetize non-operated working interests for operators and royalty holders seeking liquidity or capex efficiency.

Liquidity partner The company emphasizes using its sizeable balance sheet to partner on acquisitions and to provide liquidity to operators selling non-operated assets, signaling a track record and capability that potential sellers could leverage to unlock capital.

Strategic stakes Ideal acquisition stakes target 2% to 20% per spacing unit, with flexibility for attractive opportunities, suggesting sales conversations can focus on minority, high-impact positions that fit operators’ capital strategies.

Bakken footprint Vitesse holds exposure in core Bakken acreage with a history of active participation in drilling (over 25% since 2015) and a transaction history (e.g., 23,000 net acres for $190M), indicating ongoing growth potential and a pipeline for asset acquisitions or portfolio swaps.

Partnership potential Strong relationships with premier operators (ConocoPhillips, Continental, EOG, Hess, Oasis, XTO, etc.) position Vitesse as a credible intermediary for asset sales, partnerships, or joint ventures, offering structured exits or co-investment opportunities for both large operators and smaller non-operated owners.