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Vermilion Energy Inc T.VET

Alternate Symbol(s):  VET

Energy Oil & Gas E&P
Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The Company’s operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia. The Company operates through seven geographical segments: Canada, the United States, France, Netherlands, Germany, Ireland, and Australia. In Canada, the Company is a key player in the highly productive Mannville condensate-rich gas play. It holds a 100% working interest in the Wandoo field, offshore Australia.


TSX:VET - Post by User

Vermilion Energy Inc > It is going to be massive draw today
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Comment by Moemoney42on Feb 23, 2021 11:01am
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Post# 32636566

RE:RE:RE:RE:RE:It is going to be massive draw today

RE:RE:RE:RE:RE:It is going to be massive draw today
Frost19 wrote:

Reuters cites several shale oil producers, including Occidental and Diamondback Energy, which expect a slow recovery in production as frozen pipelines and well equipment removed some 2 million bpd from the U.S. total.

What’s more, some of the lost production may never return because it would be too expensive to restart some smaller wells, analysts said. The wells that will be restarted will need about two weeks, according to the oil companies Reuters talked to.


That's exactly right..  some of these wells will be too damaged to bring back.. some will loose some of the production capabilities and others will take a while to get back to pre-frozen production without some kind of a work over... I'd say that the US production has lost 500,000 bls that won't be coming back after this glitch in the weather... 
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