Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Oil eases as traders assess US tariffs, OPEC+ output hike – Oil & Gas 360

July 8, 2025

JDR to support Larsen and Toubro with offshore umbilical testing in the Middle East  

July 8, 2025

Valaris secures multi-year contract for drillships in U.S. Gulf – Oil & Gas 360

July 8, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Canada’s Vermilion Energy Exits U.S.
OPEC Announcements

Canada’s Vermilion Energy Exits U.S.

omc_adminBy omc_adminJune 5, 2025No Comments2 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Calgary-based Vermilion Energy Inc. will sell its assets in the United States for $88 million (C$120 million), which will complete its exit from the U.S. and allow it to reduce debt and focus on natural gas assets in Canada and Europe.

The assets in the sale consist of about 5,500 barrels of oil equivalent per day boe/d of production, of which 81% is oil and liquids, as well as 10 million barrels of oil equivalent of proved developed producing reserves, Vermilion Energy said on Thursday.

Vermilion Energy expects to close the transaction in the third quarter. The deal, combined with the sale of the East Finn assets in 2023, completes the company’s exit from the United States, allowing it to focus on its core gas-weighted assets in Canada and Europe.

Earlier this year, Vermilion Energy bought Westbrick Energy Ltd, with which it expanded its natural gas footprint in Alberta’s Deep Basin.

The Westbrick acquisition included production of 50,000 boe/d, of which 75% gas and 25% liquids, and approximately 1.1 million (770,000 net) acres of land in the southeast portion of the Deep Basin trend in Alberta. With the transaction, Vermilion Energy also gains control over four operated gas plants with a total capacity of 102 mmcf/d. The Westbrick assets complement Vermilion’s legacy Deep Basin assets, providing significant operational and corporate synergies, it said.

Following the acquisition of Westbrick, Vermilion Energy revised up on Thursday its 2025 production guidance to between 117,000 boe/d and 122,000 boe/d, up from 84,000 boe/d to 88,000 boe/d. The share of natural gas in this year’s output is expected at 65%, compared to 56% before the acquisition of Westbrick.

On a go-forward basis, Vermilion Energy estimates that more than 90% of production will come from its global gas portfolio and over 80% of capital is expected to be allocated to these assets.

“Vermilion will continue to evaluate capital investment levels during this period of increased volatility and will adjust capital if necessary to prioritize free cash flow over production growth during 2025 and 2026,” the Canadian firm said today.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

EU Parliament Endorses Eased Natural Gas Storage Targets

July 8, 2025

Saudi Arabia’s Crude Oil Exports Jumped by 400,000 Bpd in April

July 8, 2025

Iran Denies Trump Claim of New Nuclear Talks

July 8, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20253 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

JDR to support Larsen and Toubro with offshore umbilical testing in the Middle East  

By omc_adminJuly 8, 2025

JDR Cable Systems (JDR), the global subsea cable supplier and service provider, part of the TFKable Group,…

Gabon’s oil & gas minister pushes drive to develop deepwater assets

July 8, 2025

bp, Libya’s NOC to explore oilfield redevelopment, unconventional potential

July 8, 2025

SCB Exceeds Sustainable Finance Goal with Over 5B USD

July 8, 2025
Top Trending

Honeywell gives shareholders another reason to like the stock ahead of its breakup

By omc_adminJuly 8, 2025

‘Serious risk to life’: scenic Isle of Wight road could fall into sea, councillor warns | Isle of Wight

By omc_adminJuly 8, 2025

UK public finances on ‘unsustainable’ path amid growing climate, debt and pension costs | Economic policy

By omc_adminJuly 8, 2025
Most Popular

The 5 Best Soundbars of 2025

May 6, 20251 Views

Energy Department Lifts Regulations on Miscellaneous Gas Products

May 2, 20251 Views

Private Jets Take Over Sun Valley As Billionaires and CEOs Land

July 8, 20250 Views
Our Picks

Who Is The World’s Top Natural Gas Consumer?

July 8, 2025

United Energy LNG, Power LNG Merge to Scale Up Modular Infrastructure

July 8, 2025

BP, Shell Sign Libya Deals as Majors Step Up Their Return

July 8, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.