Reports related to this article:
Project(s): View 14 related projects in PECWeb
Plant(s): View 6 related plants in PECWeb
Released August 19, 2025 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Vermilion Energy (Calgary, Alberta) and Peyto Exploration and Development Corporation (Calgary), two exploration and production companies in Alberta's oil and gas plays, reported stronger production volumes in second-quarter 2025 as both companies intensified their focus on their most profitable Canadian shale assets. Industrial Info is tracking more than US$1.8 billion worth of projects from the two companies across North America, about 90% of which is attributed to projects in Alberta.
Vermilion is broadening its role in Alberta's Deep Basin, where it acquired privately held oil and gas firm Westbrick Energy last year. Its projects in the area include the Carrot Creek development, where the company plans to drill 15 new wells as part of its 2025 program and up to 17 new wells as part of its 2026 program. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can read detailed reports on Carrot Creek's 2025 and 2026 programs.
"We continue to identify upside as we fully integrate Westbrick, including proving up additional locations with our successful first-half drilling program; reducing service costs with the larger development program; and renegotiating processing fees on favorable terms," Vermilion said in a recent quarterly earnings-related press release.
In the Montney Shale, Vermilion is focused on building out its Mica Montney development near Delburne, Alberta, which includes six new wells as part of its 2025 program and as many as nine new wells in its 2026 program. The company increased its takeaway capacity in the area following the completion of an operated infrastructure expansion earlier this year. Subscribers can read detailed reports on the 2025 and 2026 programs.
Vermilion has been narrowing its focus to Alberta, amid an aggressive campaign to sell off non-core assets and reduce costs. In June, the company announced it would sell its U.S.-based assets--which comprise 5,500 barrels of oil equivalent per day (BOE/d) of production and roughly 10 million BOE of proved reserves--to an unnamed buyer for C$120 million (US$88 million). The following month, it closed a sale of its Saskatchewan-based assets for C$415 million (US$304 million). These changes allowed Vermilion to cut its full-year 2025 capital-spending plan to between C$630 million and C$660 million, down roughly C$100 million at the midpoint from its capital-spending plan announced earlier in the year.
The company's U.S. holdings include its natural gas and light oil development in the Powder River Basin of Wyoming, where its 2025 drilling program includes the addition of four wells in the Niobrara Shale. Vermilion was planning a 2025 drilling program that would have added five or six wells, but it is unclear how that will be affected by the sale, which is slated to close later this year. Subscribers can read detailed reports on the 2025 and 2026 programs.
Vermilion's second-quarter 2025 production volumes averaged 136,002 BOE/d, compared with 84,974 BOE/d in second-quarter 2024.
Peyto, which focuses on natural gas exploration, is maintaining its 2025 capital-spending guidance of C$450 million to C$500 million, "with a steady drilling and completion program and greater spending on facilities in the second half of the year." The company plans to focus its second-half 2025 efforts on its highly profitable assets in the Notikewin and Sundance regions of Alberta's Deep Basin.
Peyto's active projects in these areas include:
Peyto's second-quarter 2025 production volumes averaged 131,754 BOE/d, an 8% increase from second-quarter 2024.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for active and proposed projects across Canada and the U.S. from Vermilion and Peyto.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Vermilion is broadening its role in Alberta's Deep Basin, where it acquired privately held oil and gas firm Westbrick Energy last year. Its projects in the area include the Carrot Creek development, where the company plans to drill 15 new wells as part of its 2025 program and up to 17 new wells as part of its 2026 program. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can read detailed reports on Carrot Creek's 2025 and 2026 programs.
"We continue to identify upside as we fully integrate Westbrick, including proving up additional locations with our successful first-half drilling program; reducing service costs with the larger development program; and renegotiating processing fees on favorable terms," Vermilion said in a recent quarterly earnings-related press release.
In the Montney Shale, Vermilion is focused on building out its Mica Montney development near Delburne, Alberta, which includes six new wells as part of its 2025 program and as many as nine new wells in its 2026 program. The company increased its takeaway capacity in the area following the completion of an operated infrastructure expansion earlier this year. Subscribers can read detailed reports on the 2025 and 2026 programs.
Vermilion has been narrowing its focus to Alberta, amid an aggressive campaign to sell off non-core assets and reduce costs. In June, the company announced it would sell its U.S.-based assets--which comprise 5,500 barrels of oil equivalent per day (BOE/d) of production and roughly 10 million BOE of proved reserves--to an unnamed buyer for C$120 million (US$88 million). The following month, it closed a sale of its Saskatchewan-based assets for C$415 million (US$304 million). These changes allowed Vermilion to cut its full-year 2025 capital-spending plan to between C$630 million and C$660 million, down roughly C$100 million at the midpoint from its capital-spending plan announced earlier in the year.
The company's U.S. holdings include its natural gas and light oil development in the Powder River Basin of Wyoming, where its 2025 drilling program includes the addition of four wells in the Niobrara Shale. Vermilion was planning a 2025 drilling program that would have added five or six wells, but it is unclear how that will be affected by the sale, which is slated to close later this year. Subscribers can read detailed reports on the 2025 and 2026 programs.
Vermilion's second-quarter 2025 production volumes averaged 136,002 BOE/d, compared with 84,974 BOE/d in second-quarter 2024.
Peyto, which focuses on natural gas exploration, is maintaining its 2025 capital-spending guidance of C$450 million to C$500 million, "with a steady drilling and completion program and greater spending on facilities in the second half of the year." The company plans to focus its second-half 2025 efforts on its highly profitable assets in the Notikewin and Sundance regions of Alberta's Deep Basin.
Peyto's active projects in these areas include:
- the Cutbank development near Grande Cache, where it is drilling at least 20 new wells in both the current and coming years; see project reports for the 2025 and 2026 programs
- the Kakwa development near Grande Cache, where it is drilling between 15 and 20 new wells in both the current and coming years; see project reports for the 2025 and 2026 programs
- the Wild River development near Hinton, where it is drilling about 10 new wells in both the current and coming years; see project reports for the 2025 and 2026 programs
- the Brazeau development near Rocky Mountain House, where it is drilling between 20 and 25 new wells in the current year and at least 25 new wells in 2026; see project reports for the 2025 and 2026 programs
Peyto's second-quarter 2025 production volumes averaged 131,754 BOE/d, an 8% increase from second-quarter 2024.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for active and proposed projects across Canada and the U.S. from Vermilion and Peyto.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
