NuVista Energy

Vermilion began in 1994 as Vermilion Resources Ltd, an Alberta focused oil and gas company. Vermilion had its initial public offering on the Alberta Stock Exchange in April 1996 for $0.10 per share. In 1997, it entered to the French market.

The company changed its status to that of a trust in December 2002 when it became known as Vermilion Energy Trust for eight years; in September 2010, it converted back to a corporation.In 2004, Vermilion started to operate in the Netherlands.Vermilion acquired an 18.5% non-operating stake in the Corrib field in the Republic of Ireland from Marathon Oil in 2009, which grew to 20% along with operatorship when Royal Dutch Shell exited the project in 2018. In 2021, Vermilion acquired Equinor's 36.5% stake for $434 million , increasing its share of the gas field to 56.5%.In March 2013, Vermilion began trading on the NYSE under the ticker symbol "VET". Vermilion entered the US market with the acquisition of properties in the Powder River Basin of northeastern Wyoming in 2014. Vermilion acquired a 25% contractual participation interest in a four partner consortium in Germany from GDF Suez in February 2014.In April 2018, Vermilion announced the acquisition of Spartan Energy, a Saskatchewan-focused light oil producer, for $1.4 billion.