Year of Investment:
Velvet Energy Ltd. is a Calgary, Alberta-based oil and gas exploration and production company focused in the Western Canadian Sedimentary Basin. The company’s strategy is to utilize advanced drilling and completion technologies to develop liquids-rich resources in proven basins of West Central Alberta.
The management team is led by CEO Kenneth Woolner, a seasoned entrepreneur with a successful track record of starting E&P companies in Canada over the past 20 years.
Warburg Pincus led a line of equity financing to Velvet in May 2011.
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