Velvet Energy, Ltd.

  • Early Stage
  • Year of Investment: 2011

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.