Vermilion Energy (VET.TO,VET) has entered into an arrangement agreement to acquire Westbrick Energy, a privately held oil and gas company operating in the Deep Basin, for total consideration of C$1.075 billion. The company said the acquisition adds 50,000 boe/d of stable production and approximately 1.1 million acres of land from which Vermilion has identified over 700 drilling locations.
Assuming the acquisition closes mid-first quarter, 2025, Vermilion anticipates corporate 2025 production to be in the range of 126,000 to 133,000 boe/d with capital expenditures expected to be in the range of C$725 to C$775 million. Vermilion forecasts pro forma 2025 FFO of C$1.2 billion or approximately C$7.80 per share.
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