Velvet Energy Ltd.
A long-build position in the liquids-rich gas and light-oil window of the Deep Basin of Alberta: backed in 2011, Velvet Energy compounded production at a 25% five-year CAGR — over 95% added by the drill bit — across more than one million net acres.
Velvet Energy Ltd.
Velvet Energy Ltd. was a privately-held exploration and production company focused on the liquids-rich gas and light oil window of the Deep Basin of Alberta, executing organic growth through land acquisition, technical evaluation, and prospect development.
Based in Calgary, the company maintains current production of approximately 31,000 boe per day (43% liquids) and holds over one million net acres across multiple development zones, including Ellerslie, Montney properties at Karr/Gold Creek, and projects at Pouce and Flatrock, B.C.
Throughout its lifetime, Velvet realized a five-year compound growth rate in production of 25%, with over 95% added via the drill bit. The company emphasized geo-technical rigor and integrated risk management, including commodity hedging. Exploration was central to achieving long-term sustainable growth and competitive returns.
Back to PortfolioPast performance is not indicative of future results. Information presented for illustrative purposes only. This page details a realized investment of Trilantic North America that the Greenbelt team previously monitored and were responsible for sourcing and leading the underwriting and execution of.