Year-to-date, Vital Energy has executed $1.7 billion of acquisitions (including today's) which have utilized a combined total of approximately 50% equity and 50% debt. Concurrent with closing, Vital Energy's credit facility borrowing base and elected commitment will increase to $1.5 billion and $1.25 billion, respectively, from $1.3 billion and $1.0 billion, respectively. The Company will have access to the full $1.5 billion borrowing base through a committed $250 million term loan facility. Henry: Vital Energy agreed to purchase substantially all of Henry's Midland and Delaware basin assets in an all-equity transaction consisting of 3.72 million common shares and 4.54 million shares of perpetual mandatorily convertible preferred securities, net of customary closing price adjustments. Effective date of the acquisition will be August 1, 2023.