Velvet Energy explores for and produces light oil and natural gas in Alberta and British Columbia.
Founded in 2011 and based in Calgary, Canada, Velvet Energy explores, acquires, develops, and produces oil and natural gas. Its operations include light-oil Montney development around Karr, Pouce Coupe, and Gold Creek, as well as other areas in Alberta and British Columbia. The company reported production of approximately 30,000 boe per day and more than 1 million net acres. Ken Woolner is its President and Chief Executive Officer. Spartan Delta Corp agreed to acquire Velvet Energy for CAD 743.3 million in 2021.
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