Vital Energy acquires Grande Prairie region leases

The acquisitions include petroleum and natural gas rights from surface or base of the Nikanassin formation to the base of the Halfway formation under a 4-year Northern P&NG license.

Jan. 6, 2026

Vital Energy Inc. acquired Alberta Crown lease rights in the Elmworth area of the Grande Prairie region, Alberta, Canada.

The rights to seven sections totaling about 1,792 hectares were purchased for $5,998,139, inclusive of bonus consideration and associated Crown fees. The acquisitions include petroleum and natural gas (P&NG) rights from surface or base of the Nikanassin formation to the base of the Halfway formation under a 4-year Northern P&NG license.

Together with two sections previously acquired in 2025, Vital now holds a total of nine sections in the same area. Based on internal technical work completed to date, Vital has identified the potential for up to 44 drilling locations across this land base in Charlie Lake dolomite-siltstone reservoir.

Vital intends to focus a significant portion of its future technical, operational, and capital efforts on its higher production potential Charlie Lake asset within the Charlie Lake reservoir core area of Grand Prairie region.

Vital is a junior oil and gas company based in Calgary, Alta., focused on conventional crude oil exploration, development and production in Western Canada.