In a decisive strategic maneuver that underscores a sharp pivot in global energy priorities, Vermilion Energy Inc. announced Thursday it has finalized a deal to sell its remaining U.S. assets for $120 million in cash, marking the company’s complete withdrawal from the United States energy sector.
The sale, effective retroactively to January 1, 2025, includes oil and gas holdings in Wyoming that generate approximately 5,500 barrels of oil equivalent per day, backed by roughly 10 million barrels of proved developed producing reserves. While the buyer’s identity remains cloaked in confidentiality, the deal is set to close in Q3 of 2025, pending customary approvals.
“This transaction, combined with the sale of our East Finn assets in 2023, completes our exit from the United States,” Vermilion said in a statement. “We are deeply grateful to our Wyoming teams for over a decade of dedicated work.”
Rebalancing the Energy Equation: Gas Takes the Helm
This move isn’t just a farewell to American soil—it’s a recalibration of Vermilion’s entire operational compass. Proceeds from the sale will be funneled toward debt repayment, pushing projected net debt down to $1.3 billion and aligning its net debt-to-funds-from-operations ratio at 1.3x by year-end, assuming commodity pricing trends remain stable.
The sale follows a CA$415 million divestiture of Canadian assets in Saskatchewan and Manitoba announced just last month. These back-to-back deals are part of Vermilion’s broader plan to zero in on scalable, gas-weighted assets with longer life cycles—with primary growth targets set in Western Canada, Europe, and Australia.
