Vital’s Role in the Merger
Based in Tulsa, Oklahoma, Vital Energy specializes in oil and natural gas development across the Permian Basin. Its CEO Jason Pigott said the merger will create a “premier, scaled, mid-cap operator” capable of applying best practices across broader operations and maximizing efficiency.
The combined firm will retain headquarters in Houston, with Goff as non-executive chair and Rockecharlie continuing as CEO.
Advisory Teams Behind the Scenes
A network of high-profile advisers is orchestrating the deal:
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Jefferies serves as lead financial adviser to Crescent, alongside Evercore and Intrepid Partners for the board’s special committee.
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Houlihan Lokey and J.P. Morgan Securities LLC are advising Vital, with Lazard serving independently.
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Legal teams include Kirkland partners Doug Bacon, Kyle Watson, Gabrielle Sumich, and Vinson & Elkins partners Doug McWilliams, Lande Spottswood, Thomas Zentner.
The deal is expected to close by year-end 2025, pending regulatory and shareholder approvals.
