KeyfactsEnergy

Vermilion approves a 2019 E&D capital budget of $530 million

13/12/2018

Vermilion Energy has approved a 2019 E&D capital budget of $530 million, with associated production guidance of 101,000 to 106,000 boe/d. The midpoint of their 2019 production guidance reflects year-over-year growth of approximately 18%, or 7% on a per share basis, as compared to 2018. The 2019 program reflects a full year of development on the Spartan assets acquired this year, additional capital associated with the recently acquired assets in the Powder River Basin, and a significantly expanded drilling program in Europe.