Vital Nears $1.1 Billion Purchase of Point Energy, Reuters Says

Vital Energy Inc. is nearing an all-cash deal to buy oil and gas producer Point Energy Partners for $1.1 billion, Reuters reported, citing unidentified people with knowledge of the matter.

The deal for Fort Worth, Texas-based Point Energy, which focuses on the Permian Basin and has private equity backing, may be announced as soon as Sunday barring a late snag in the talks, Reuters said, citing the people.

Vital Energy is a Tulsa, Oklahoma-based independent oil and gas producer.

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John J. Edwards III in New York at jedwardsiii1@bloomberg.net

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