Vermilion Energy Inc. has successfully completed its acquisition of Westbrick Energy Ltd., a privately held oil and gas company operating in Alberta’s Deep Basin. The transaction, valued at approximately C$1.075 billion (about US$746.5 million), was officially closed on February 27, 2025.
This acquisition significantly enhances Vermilion’s operational scale, adding 50,000 barrels of oil equivalent per day to its production. Of this, 75% is natural gas, with the remaining 25% being liquids. The move strengthens Vermilion’s presence in the Deep Basin, a region known for its high-value production.
Dion Hatcher, President and CEO of Vermilion, emphasized the strategic importance of the deal: “The strategic acquisition of Westbrick represents a significant step forward in Vermilion’s North American high-grading initiative to increase operational scale and enhance full-cycle margins in the liquids-rich Deep Basin.”
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With this acquisition, Vermilion now ranks as the fifth-largest producer in the Deep Basin, positioning itself to leverage higher-margin opportunities in the area. The deal aligns with Vermilion’s growth strategy, solidifying its focus on enhancing its portfolio in key resource-rich regions. This move also reflects the company’s commitment to operational excellence, expected to yield long-term benefits for stakeholders.