Analyst Articles
Vermilion Energy Expands in the Deep Basin with Westbrick Acquisition
Vermilion Energy announced the acquisition of privately-held Westbrick Energy for $1.075 billion. The deal includes 50,000 barrels of oil equivalent per day (boe/d) of production, 1.1 million acres of land, and four gas plants. Vermilion expects the acquisition to boost its 2025 production to 126,000–133,000 boe/d while strengthening its position as the fifth largest Deep Basin producer. This aligns with the company’s focus on natural gas as a transition fuel and balancing its North American and European portfolios. The company anticipates significant cash flow generation and long-term operational synergies from these assets. [more]