United States
Vermilion entered the U.S. in 2014, acquiring 53,000 net acres of land in the Turner Sand play in the Powder River Basin of northeastern Wyoming.
Encouraging initial results prompted Vermilion to consolidate its working interest in the Turner Sand project area to 100% through the acquisition of the remaining 30% interest in 2015.
United States
We subsequently acquired additional lands in May 2016 and August 2018, and completed a strategic acquisition in 2021 to further consolidate our land base. The Company now holds approximately 85,000 net acres of land in this promising light oil Play. Our United States office is in Denver, Colorado.
North America
In Canada, Vermilion is focused on developing liquids-rich gas assets in the Deep Basin and Montney. Vermilion is one of the largest producers in the highly productive Deep Basin in Western Alberta. In addition, we hold a contiguous Montney land position in the Peace River Arch in British Columbia and Alberta. In the United States, Vermilion has a significant land position in the promising Turner Sand play in the Powder River Basin. Our North American assets represent approximately 70% of our total corporate production.
Europe
Vermilion’s European assets consist of onshore and offshore operations that deliver premium commodity pricing through Brent-priced light oil production and European natural gas prices trade at a significant premium to North American benchmarks. Our European assets contribute approximately 25% of total corporate production.
Australia
Vermilion holds a 100% working interest in the Wandoo field, offshore Australia. Vermilion’s Australian oil production receives premium pricing due to Brent-indexing and the strong, long-term, strategic relationships we have cultivated with our key customers in the region.