Vermilion Energy shares fell Monday morning after it said it was acquiring a privately-held oil and gas company in Alberta, Westbrick Energy, for 1.08 billion Canadian dollars ($751.2 million). Shares fell 6% to C$11.97 in recent trading.

Vermilion Energy (VET) is pleased to announce it has entered into an arrangement agreement to acquire Westbrick Energy, a privately held oil

Vermilion Energy strengthens position in Alberta's Deep Basin with acquisition of Westbrick Energy for C$1.075B, adding 50K boe/day of production.

Vermilion Energy said it has agreed to acquire Alberta-based private oil and gas company Westbrick Energy for 1.08 billion Canadian dollars ($751.2 million). The Canadian energy company said the acquisition is part of its initiative to increase operational scale and enhance full-cycle margins in the liquids-rich Deep Basin in the province.

Vermilion Energy (VET.TO, VET) has entered into an arrangement agreement to acquire Westbrick Energy, a privately held oil and gas

Vermilion Energy VET, a Canada-based oil and gas producer, has announced the acquisition of a privately held oil and gas firm, Westbrick Energy Limited, which operates out of Alberta’s Deep Basin. The total consideration for the deal is approximately $1.