M&A Deal Summary

Velvet Energy Acquires Vero Energy - Alberta Natural gas assets

On February 27, 2012, Velvet Energy acquired oil/gas exploration company Vero Energy - Alberta Natural gas assets from Vero Energy for 209M USD

Acquisition Highlights
  • This is Velvet Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Velvet Energy’s largest (disclosed) transaction.
  • This is Velvet Energy’s 1st transaction in Canada.
  • This is Velvet Energy’s 1st transaction in Alberta.

M&A Deal Summary

Date 2012-02-27
Target Vero Energy - Alberta Natural gas assets
Sector Oil/Gas Exploration
Buyer(s) Velvet Energy
Sellers(s) Vero Energy
Deal Type Divestiture
Deal Value 209M USD

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Buyer(S) 1

Buyer

Velvet Energy

Calgary, Alberta, Canada

Category Company
Founded 2011
Sector Oil/Gas Exploration
DESCRIPTION

Velvet Energy is an exploration and production company focused on acquiring, exploring for and developing oil and liquids-rich natural gas assets in the Western Canadian Sedimentary Basin. Velvet Energy was founded in 2011 and is based in Calgary, Alberta.


DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Divestiture) 1 of 1
State (Alberta) 1 of 2
Country (Canada) 1 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 Iron Bridge Resources

Calgary, Alberta, Canada

Iron Bridge Resources, Inc. is an oil and gas company focused on growing its reserve base throughout the Western Canadian Sedimentary Basin. Iron Bridge Resources Inc. is headquartered in Calgary, Canada.

Buy -

Seller(S) 1

SELLER

Vero Energy

Calgary, Alberta, Canada

Category Company
Founded 2005
Sector Oil/Gas Exploration
Employees27
DESCRIPTION

Vero Energy, Inc. provides oil/gas exploration services in Canada.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1