Transaction Details: 

On July 6, 2025, Vermilion Energy announced that it has entered into a definitive agreement to sell its United States assets (Powder River Basin) for $120 million in cash, plus up to $10 million in contingent payments based on WTI oil pricing from July 2025 through June 2027. 

The divested assets include:

• ~5,500 boe/d of current production (81% oil and liquids)

• ~10 mmboe of Proved Developed Producing (PDP) reserves, as of December 31, 2024 (McDaniel & Associates)

• 125,000 net acres 

Strategic Rationale:
This transaction completes Vermilion’s exit from the United States, following the 2023 divestiture of its East Finn assets. Proceeds will be applied toward debt reduction, aligning with Vermilion’s strategy to de-lever and strengthen its balance sheet. Based on current commodity pricing and operational forecasts, Vermilion expects to exit 2025 with net debt of $1.3 billion and a net debt-to-FFO ratio of 1.3x.

Corporate Focus:
Post-divestiture, Vermilion will focus its capital and operational efforts on its core gas-weighted assets in Canada and Europe, consistent with its long-term strategic priorities.