Property and equipment (Tables)

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

Schedule of Benchmark Prices and Realized Prices

The following table presents the Benchmark Prices and the Realized Prices utilized in the full cost ceiling calculation as of the dates presented:


	September 30, 2025		June 30, 2025		March 31, 2025		December 31, 2024		September 30, 2024
Benchmark Prices:
Oil ($/Bbl)	$	67.45	$	70.48	$	74.52	$	75.48	$	78.64
NGL ($/Bbl)(1)	$	67.45	$	70.48	$	74.52	$	75.48	$	78.64
Natural gas ($/MMBtu)	$	3.10	$	2.86	$	2.44	$	2.13	$	2.21
Realized Prices:
Oil ($/Bbl)	$	68.35	$	71.47	$	75.55	$	76.76	$	79.92
NGL ($/Bbl)	$	16.16	$	15.65	$	13.87	$	13.66	$	14.06
Natural gas ($/Mcf)	$	1.11	$	0.98	$	1.04	$	0.85	$	0.81

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(1) The Company utilizes WTI NYMEX in the calculation of its NGL Benchmark Prices.

Property, Plant and Equipment

The following table presents full cost ceiling impairment expense, which is included in "Impairment expense" on the unaudited consolidated statements of operations, for the periods presented:


	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2025		2024		2025		2024
Full cost ceiling impairment expense	$	419,955	$	—	$	1,005,242	$	—

Vital Energy, Inc. 10-Q