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Vermilion Energy Exits U.S. Market, Sells Assets for $120M

6/6/2025

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Summary

Story summary

Vermilion Energy Inc. is exiting the U.S. energy sector by selling its assets for $120 million.
The transaction includes 5,500 barrels of oil equivalent per day and 10 million barrels of proved reserves.
Proceeds will decrease net debt to $1.3 billion by the end of the year.
The deal is anticipated to close in Q3 2025, pending standard approvals.
Vermilion plans to concentrate on gas-weighted assets in Canada and Europe.

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Story summary

Vermilion Energy Inc. is exiting the U.S. energy sector by selling its assets for $120 million.
The transaction includes 5,500 barrels of oil equivalent per day and 10 million barrels of proved reserves.
Proceeds will decrease net debt to $1.3 billion by the end of the year.
The deal is anticipated to close in Q3 2025, pending standard approvals.
Vermilion plans to concentrate on gas-weighted assets in Canada and Europe.