US EditionVermilion Energy Selling U.S. Assets for $120 Million in Cash
- On June 5, 2025, Vermilion Energy Inc. Announced it had reached a definitive agreement to divest its U.S. Assets for $120 million in cash, with the transaction effective as of January 1, 2025.
- This sale, following Vermilion’s divestment of its East Finn assets in 2023, marks the company’s complete withdrawal from the U.S. Market and a strategic shift toward prioritizing its natural gas operations in Canada and Europe.
- The assets comprise daily output of roughly 5.5 thousand barrels of oil equivalent, with oil and liquids making up 81% of this volume, alongside nearly 10 million barrels of proved developed producing reserves as assessed on December 31, 2024.
- Vermilion adjusted its 2025 capital budget to $630-$660 million, a $100 million reduction from prior guidance, while expecting 2025 production between 117,000 and 122,000 boe/d to remain gas-weighted at 65%-68%.
- The net proceeds from this transaction will be applied to reduce debt, speeding up deleveraging and reinforcing Vermilion’s financial position, while the company plans to prioritize generating positive cash flow rather than increasing production during 2025 and 2026.
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Vermilion Energy exits U.S. market with $88 million asset sale – Oil & Gas 360
Publisher’s Note: Vermilion Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-20, 2025. Register to attend. (World Oil) – Vermilion Energy Inc. has entered into a definitive agreement for the sale of its U.S. assets for cash proceeds of ~$88 million ($120 million CAD). Proceeds from the transaction will go towards debt repayment to further accelerate deleveraging efforts and strengthen the
·Denver, United States
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