Vermilion Energy selling assets in Saskatchewan and Manitoba for $415 million
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19.95 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 23/05/2025 (228 days ago), so information in it may no longer be current.
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)