Add-on Acquisition • Oil/Gas Exploration

Vermilion Energy Acquires Leucrotta Exploration

On March 28, 2022, Vermilion Energy acquired oil/gas exploration company Leucrotta Exploration for 477M USD

Acquisition Context
  • This is Vermilion Energy’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Vermilion Energy’s 2nd largest (disclosed) transaction.
  • This is Vermilion Energy’s 3rd transaction in Canada.
  • This is Vermilion Energy’s 3rd transaction in Alberta.

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M&A Deal Summary

Date March 28, 2022
Target Leucrotta Exploration
Sector Oil/Gas Exploration
Buyer(s) Vermilion Energy
Deal Type Add-on Acquisition
Deal Value 477M USD

Target Company

Leucrotta Exploration

Calgary, Alberta, Canada
Leucrotta Exploration is an oil and natural gas exploration and development company. Leucrotta Exploration is based in Calgary, Alberta.
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Buyer Overview 1

Buyer

Vermilion Energy

Calgary, Alberta, Canada

Category Company
Founded 1994
Sector Oil/Gas Exploration
Employees743
Revenue 2.1B CAD (2024)
DESCRIPTION

Vermilion Energy is an oil and gas producer. Vermilion adheres to a value creation strategy through the execution of full cycle exploration and production programs focused on the acquisition, exploration, development and optimization of producing properties in North America, Europe and Australia. Vermilion Energy was incorporated in 1994 and is based in Calgary, Alberta.


Deal Context for Buyer #
Overall 3 of 5
Sector: Oil/Gas Exploration 3 of 5
Type: Add-on Acquisition 3 of 4
State: Alberta 3 of 4
Country: Canada 3 of 4
Year: 2022 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-16 Spartan Energy

Calgary, Alberta, Canada

Spartan Energy Corp. is an oil and gas company based in Calgary, Alberta. Spartan has operations in central Alberta and in southeast Saskatchewan and maintains a multi-year inventory of oil focused horizontal drilling opportunities.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Equinor Energy Ireland

Ireland

Equinor Energy Ireland is an integrated oil and gas company with operations worldwide.

Buy $434M