Vermilion Energy (VET) Price & Analysis

Vermilion Energy Inc., in collaboration with its subsidiary entities, is actively involved in the procurement, exploration, development, and extraction of both crude oil and natural gas resources. Its operational footprint extends across North America, Europe, and Australia. In North America, the company holds substantial interests, including an 81% working interest in 636,714 net developed acres and an 85% working interest in 301,026 net undeveloped acres within Canada. Its presence in the United States is marked by 130,715 net acres in the Powder River basin. Across Europe, Vermilion maintains a diverse portfolio of assets. This comprises a 96% working interest in 248,873 net developed acres and an 86% working interest in 134,160 net undeveloped acres across the Aquitaine and Paris Basins in France. Additionally, the company commands a 53% working interest in 901,791 net acres in the Netherlands, alongside 54,625 net developed and 920,723 net undeveloped acres in Germany. Further European holdings include 975,375 net acres in Croatia, 946,666 net acres in Hungary, and 48,954 net acres in Slovakia. Beyond these extensive landholdings, Vermilion also possesses a 20% interest in the offshore Corrib natural gas field, located off the northwest coast of Ireland. In Australia, it holds a full 100% working interest in the Wandoo offshore oil field and its associated production facilities, which encompass 59,553 acres on Western Australia's northwest shelf. As of December 31, 2021, the company reported a significant number of producing wells: 401 net conventional natural gas wells and 2,132 net light and medium crude oil wells in Canada; 167.6 net light and medium crude oil wells in the United States; 297.0 net light and medium crude oil wells and 3 net conventional natural gas wells in France; and 47 net natural gas wells in the Netherlands. Vermilion Energy Inc. was established in 1994 and its corporate headquarters are located in Calgary, Canada.