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Vermilion Energy selling assets in Saskatchewan and Manitoba for $415 million
- On May 1, 2025, Vermilion Energy Inc. Finalized an agreement to divest a portfolio of properties located in Saskatchewan and Manitoba, with the transaction valued at $415 million.
- The sale aims to reduce Vermilion's debt, and closing depends on regulatory approvals and other conditions expected in Q3.
- The assets sold yield approximately 10.5 thousand barrels of oil equivalent daily, significantly enhancing Vermilion's asset base.
- Vermilion anticipates that its 2025 production will hover around 120,000 to 125,000 boepd for the full year, based on a mid-third quarter closing, with planned capital spending estimated between $680 million and $710 million.
- If completed as planned, the sale will improve Vermilion's financial position by lowering debt while slightly reducing production volumes.
21 Articles
21 Articles
Winnipeg Free Press
Vermilion Energy selling assets in Saskatchewan and Manitoba for $415 million
Breaking News, Sports, Manitoba, Canada
Vermilion Energy sells Saskatchewan and Manitoba portfolio to unnamed buyer for $415 million
Panther Drilling Rig 3 drilling for Vermilion near Alameda on June 18, 2023. Photo by Brian Zinchuk CALGARY, AB, May 23, 2025 /CNW/ – Vermilion Energy Inc. announced on May 23 that it has entered into a definitive agreement for the sale of its Saskatchewan and Manitoba assets for cash proceeds of $415 million. Net proceeds from the transaction will be directed towards debt repayment to accelerate deleveraging efforts and strengthen Vermilion’s …
Vermilion Energy To Sell Its Sask. And Man. Assets For $415M - Canadian Manufacturing
CALGARY — Vermilion Energy has entered into a definitive agreement to sell its Saskatchewan and Manitoba assets for $415 million. The net proceeds will be used to reduce debt. Based on current commodity prices and operational plans, Vermilion expects to exit 2025 with net debt of $1.5 billion and a net debt to funds from operations (FFO) ratio of 1.4 times. The assets are currently producing approximately 10,500 boe/d (86 per cent oil and liquid…
Vermilion Energy Inc. Advances Strategic Portfolio Repositioning with Agreement to Sell its Saskatchewan Assets and Accelerate Debt Repayment
CALGARY, AB, May 23, 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 Saskatchewan and Manitoba assets (the "Assets") for cash proceeds of $415 million (the "Transaction"). Net proceeds from the Transaction will be
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