Permian Basin pure-play Vital Energy Inc. is snapping up a bevy of assets concentrated in West Texas through a transformational deal worth an estimated $1.67 billion.

The Tulsa-based independent clinched the cash-and-equity deals with affiliates of Henry Energy LP and Henry Resources LLC, as well as Tall City Property Holdings III LLC and Maple Energy Holdings LLC. The transactions are set to be completed by year’s end, CEO Jason Pigott said.

“These transactions are a game changer for us and fit our strategy of adding long-term value through disciplined acquisitions,” he told analysts during a conference call early Thursday.

Of particular note is  the “scale” of the transaction, “which is critical in today’s energy sector.”
The acquisitions would add more than...