Velvet Energy
Calgary
About Velvet Energy
Velvet Energy is a privately-held crude oil & natural gas exploration and production company. The Company explores for, develops, acquires and produces crude oil and natural gas in Western Canada. Headquartered in Calgary, Velvet has current production of approximately 14,000 boe per day and a focused land position consisting of 412,000 net acres in West-Central Alberta. From start-up in 2011, Velvet has successfully pursued a counter-cyclical business plan with a primary emphasis towards liquids-rich natural gas and has established a self-funded organic growth plan to over 20,000 boe per day over the next two to three years.
Company Facts
- Operating status: Closed
- Company type: For Profit
- IPO status: Private
- Employees: 51 – 100
- Estimated revenue: $1K – $10K
- Total funding: $100.0M
- Funding stage: M&A
- Last round: Private Equity (Jan 2015)
- Website: velvetenergy.net
- Phone: (403)781-9125
Industries & Categories
Energy, Mining, Oil and Gas, Renewable Energy
Social Profiles
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