Overview

• Vermilion agreed to sell its remaining U.S. portfolio—5,500 boe/d of production and 10 million boe in reserves—for $88 million, with closing expected in the third quarter.
• The transaction finalizes the company’s withdrawal from the U.S. market after divesting East Finn assets in 2023.
• Earlier this year Vermilion acquired Westbrick Energy, adding 50,000 boe/d (75% gas) and about 1.1 million acres in Alberta’s Deep Basin along with four operated gas plants.
• The Westbrick deal prompted Vermilion to lift its 2025 production guidance to 117,000–122,000 boe/d from previous estimates of 84,000–88,000 boe/d.
• Moving forward, more than 90% of production will come from its global gas portfolio and over 80% of capital is slated for gas assets as the company prioritizes free cash flow.