Latest news with #Vermilion
Globe and Mail
4 days ago
- Business
- Globe and Mail
Vermilion Energy Inc. Announces Agreement to Sell United States Assets and Provides Updated 2025 Guidance
CALGARY, AB, June 5, 2025 /CNW/ - Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce that it has entered into a definitive agreement for the sale of its United States assets (the "Assets") for cash proceeds of $120 million (the "Transaction").
CBC
4 days ago
- Business
- CBC
Vermilion Energy selling U.S. assets for $120 million in cash
Social Sharing Vermilion Energy Inc. has signed an agreement to sell its assets in the U.S. for $120 million in cash. The company says the deal includes about 5,500 barrels of oil equivalent per day of production and about 10 million barrels of oil equivalent of proved developed producing reserves. Vermilion says net proceeds from the sale will be used to repay debt. The deal has an effective date of Jan. 1 and is expected to close in the third quarter. The company also updated its 2025 capital budget to a range of $630 million to $660 million, a reduction of about $100 million from the midpoint of its previous guidance for $730 million to $760 million. Vermilion expects full year and second half 2025 production to range between 117,000 to 122,000 barrels of oil equivalent per day.
Toronto Star
4 days ago
- Business
- Toronto Star
Vermilion Energy selling U.S. assets for $120 million in cash
CALGARY - Vermilion Energy Inc. has signed an agreement to sell its assets in the U.S. for $120 million in cash. The company says the deal includes about 5,500 barrels of oil equivalent per day of production and about 10 million barrels of oil equivalent of proved developed producing reserves. Vermilion says net proceeds from the sale will be used to repay debt. The deal has an effective date of Jan. 1 and is expected to close in the third quarter. ARTICLE CONTINUES BELOW The company also updated its 2025 capital budget to a range of $630 million to $660 million, a reduction of about $100 million from the midpoint of its previous guidance for $730 million to $760 million. Vermilion expects full year and second half 2025 production to range between 117,000 to 122,000 barrels of oil equivalent per day. This report by The Canadian Press was first published June 5, 2025. Companies in this story: (TSX:VET)
Hamilton Spectator
4 days ago
- Business
- Hamilton Spectator
Vermilion Energy selling U.S. assets for $120 million in cash
CALGARY - Vermilion Energy Inc. has signed an agreement to sell its assets in the U.S. for $120 million in cash. The company says the deal includes about 5,500 barrels of oil equivalent per day of production and about 10 million barrels of oil equivalent of proved developed producing reserves. Vermilion says net proceeds from the sale will be used to repay debt. The deal has an effective date of Jan. 1 and is expected to close in the third quarter. The company also updated its 2025 capital budget to a range of $630 million to $660 million, a reduction of about $100 million from the midpoint of its previous guidance for $730 million to $760 million. Vermilion expects full year and second half 2025 production to range between 117,000 to 122,000 barrels of oil equivalent per day. This report by The Canadian Press was first published June 5, 2025. Companies in this story: (TSX:VET)
Winnipeg Free Press
4 days ago
- Business
- Winnipeg Free Press
Vermilion Energy selling U.S. assets for $120 million in cash
CALGARY – Vermilion Energy Inc. has signed an agreement to sell its assets in the U.S. for $120 million in cash. The company says the deal includes about 5,500 barrels of oil equivalent per day of production and about 10 million barrels of oil equivalent of proved developed producing reserves. Vermilion says net proceeds from the sale will be used to repay debt. The deal has an effective date of Jan. 1 and is expected to close in the third quarter. The company also updated its 2025 capital budget to a range of $630 million to $660 million, a reduction of about $100 million from the midpoint of its previous guidance for $730 million to $760 million. Vermilion expects full year and second half 2025 production to range between 117,000 to 122,000 barrels of oil equivalent per day. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published June 5, 2025. Companies in this story: (TSX:VET)
