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Vermilion Strengthens Deep Basin Presence With Westbrick Acquisition
VETVermilion Energy(VET) ZACKS·2024-12-27 19:41

Vermilion Energy (VET) , a Canada-based oil and gas producer, has announced the acquisition of a privately held oil and gas firm, Westbrick Energy Limited, which operates out of Alberta’s Deep Basin. The total consideration for the deal is approximately $1.075 billion. The acquisition of Westbrick Energy complements Vermilion’s overall strategy to expand its presence in the Deep Basin, where the company has been operating for almost 30 years. The deal is anticipated to be closed in the first quarter of 2025 ...