- Business
- Vital Energy Inc. Vital Energy Inc. is a public junior oil and gas company based in Calgary, Alberta, Canada, founded in 2006, that engages in the acquisition, exploration, development, and production of conventional crude oil and natural gas resources in Western Canada. The company holds interests in several key projects, including the Gull Lake and Pennant projects in southwest Saskatchewan; Sullivan Lake and Baxter Lake projects in east central Alberta; Pembina and Ante Creek properties in west central Alberta; and Lampman and Steelman projects in southeast Saskatchewan, with all revenue generated from oil and gas sales targeting conventional reservoirs in Alberta and Saskatchewan provinces. Vital Energy Inc. focuses on crude oil production from areas such as Gull Lake, Pennant, and Baxter Lake, while maintaining operations through a headquarters at 634 - 6th Avenue SW, Suite 620, Calgary, AB T2P 0S4. Recently, the company secured a AU$20 million loan from an unrelated lender in September 2025, disbursed in two phases with 15% annual interest maturing in September 2027, to support ongoing activities; it also amended its existing credit facility multiple times in 2023 and 2024, including updates in December 2023, April 2024, and August 2024, reflecting efforts to enhance financial flexibility amid volatile energy markets.