Vesta Energy is a privately held oil and gas exploration and production company based in Calgary, Alberta, Canada. Founded in 2011, the company focuses on the development of light oil properties, particularly in the shallow Joffre Duvernay Shale oil play in Alberta[1][2]. With a concentrated land position of 234,000 acres and 100 percent working interest in the Duvernay, Vesta Energy leverages its owned and operated infrastructure to maintain low production costs, positioning itself as one of the lowest-cost producers in the industry[3].
Company Overview
- Headquarters: 900, 520 – 3 Avenue SW, Calgary, Alberta, T2P 0R3, Canada[2][3]
- Industry: Oil and Gas, Energy[4][5]
- Employees: Approximately 51-200[4][3][6]
- Revenue: Estimated between $10M to $25M, with specific figures citing $15M[4][6]
- Founded: 2011[2]
Business Focus and Operations
Vesta Energy specializes in the exploration and extraction of hydrocarbons, with a primary emphasis on commercial shale oil properties[2][5]. The company serves customers in Canada, focusing on the processing and production of gas, oil, and related products. Its strategic proximity to key service markets further enhances its operational efficiency[3].
Financial and Ownership Details
- Total Funding Raised: $217.17M[2]
- Investors: Includes Riverstone Holdings and JOG Capital, with Riverstone as a private equity owner[1][2]
- Recent Developments: In December 2024, Vesta Energy was acquired by Parallax Energy[2]
Vesta Energy prides itself on a culture of loyalty, integrity, and respect, with a commitment to doing the right thing in all operations, as reflected in their mantra: “We do what we say, and always do the right thing”[3].
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- https://privateequityinfo.com/directory/private-equity-portfolio-company/vesta-energy
- https://www.cbinsights.com/company/vesta-energy-corp
- https://leadiq.com/c/vesta-energy-ltd/5b5239f43600001b78db4a4b
- https://rocketreach.co/vesta-energy-ltd-profile_b449873afcba1ff1
- https://theorg.com/org/vesta-energy
- https://www.datanyze.com/companies/vesta-energy/356709945
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