Vermilion Energy




MarketCap CA

CA Canada


Vermilion Energy Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. The company owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land in Canada; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia. It also owns 20% interests in the offshore Corrib natural gas field located to the northwest coast of Ireland; and 100% working interest in the Wandoo offshore oil field and related production facilities that covers 59,553 acres located on Western Australia's northwest shelf. As of December 31, 2021, the company had 401 net producing conventional natural gas wells and 2,132 net producing light and medium crude oil wells in Canada; 167.6 net producing light and medium crude oil wells in the United States; 297.0 net producing light and medium crude oil wells and 3 net producing conventional natural gas wells in France; and 47 net producing natural gas wells in the Netherlands. Vermilion Energy Inc. was founded in 1994 and is headquartered in Calgary, Canada.


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.

Our mission at Vermilion is to create superior long-term total shareholder returns through the execution of a focused, multi-national, acquisition-driven growth strategy in the energy sector.

Vermilion’s vision is to be the company of choice for employees and the supplier of choice for customers by providing innovative and efficient solutions and delivering an exceptional experience.

Key Team

Mr. Terrance Gerald Hergott C.M.A., CPA, CMA, CPA (VP of Marketing)

Ms. Averyl Schraven (VP of People & Culture)

Mr. Bruce Digby Lake P.Eng. (Managing Director of Australia Bus. Unit)

Mr. Darcy Kerwin P.Eng., P.Eng (Managing Director of Ireland Bus. Unit)

Mr. Scott Seatter P.Eng. (MD of United States Bus. Unit)

Mr. Sven Tummers (Managing Director of Netherlands Bus. Unit)

Mr. Sylvain Nothhelfer (Managing Director of France Bus. Unit)

Recognition and Awards
Vermilion Energy has been ranked 4th of the Top 50 Best Workplaces in Canada in 2018 and has received numerous other awards over the years, including the Canadian Energy Person of the Year award, a Prairie Innovation Award, a Corporate Citizen Award, and various safety and industry accomplishments.

Vermilion Energy
Leadership team

Mr. Anthony Hatcher P.Eng. (Pres)

Mr. Lars William Glemser (VP & CFO)

Mr. Kyle Preston CFA (VP of Investor Relations)

Products/ Services
Energy, Oil and Gas
Number of Employees
500 - 1000
Calgary, Alberta, Canada
Company Registration
SEC CIK number: 0001293135
Net Income
1B - 20B
Above - 1B
Traded as
Social Media
Wed Feb 28 2024

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