Latest news with #VermilionEnergyInc.
Toronto Star
5 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
5 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
5 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)
Yahoo
5 days ago
- Business
- Yahoo
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) The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
23-05-2025
- Business
- Hamilton Spectator
Vermilion Energy selling assets in Saskatchewan and Manitoba for $415 million
CALGARY - Vermilion Energy Inc. has signed a deal to sell a group of assets in Saskatchewan and Manitoba for $415 million. The company says it will use the net proceeds from the sale to repay debt. Vermilion says the assets being sold produce about 10,500 barrels of oil equivalent per day. The deal has an effective date of May 1, 2025. It is anticipated to close in the third quarter, subject to regulatory approvals and other closing conditions. Assuming the deal closes mid-third quarter, Vermilion says it expects full year production for 2025 to average between 120,000 and 125,000 boepd with capital expenditures in the range of $680 million to $710 million. This report by The Canadian Press was first published May 23, 2025. Companies in this story: (TSX:VET)
