Vermilion Energy exits US with nearly $88 million asset sale
The transaction, expected to close in the third quarter, will allow Vermilion Energy to focus on core gas-weighted assets in Canada and Europe. The Calgary, Alberta-based firm raised its production forecast for the current year to between 117,000 and 122,000 barrels of oil equivalent per day (boepd) from 84,000 to 88,000 boepd earlier. Earlier this year, Vermilion Energy acquired privately held oil and gas firm Westbrick Energy for C$1.075 billion, strengthening its position in the Deep Basin of Alberta.