Vital Energy Inc. (formerly Ceno Energy Ltd.) is a Canada-based oil and gas company based in Calgary, Alberta. The Company is focused on crude oil exploration, development and production in the provinces of Alberta and Saskatchewan. The Company produced from two wells in the Gull Lake area with one of the wells resulting from a farm-out agreement entered into for jointly developing the Gull Lake property (the Gull Lake Farmout). The first well drilled pursuant to the Gull Lake Farmout was drilled at 14-32-013-19W3 and was brought on production. The second and third wells were drilled, second well standing and awaiting further evaluation and the third well, 3-05 is on production. The Company anticipates drilling the fourth farmout well. The Company entered into a farm-out agreement with a private company with respect to its Sturgeon Lake property (the Sturgeon Lake Farmout).