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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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.