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.
Warburg Pincus is a leading global private equity firm focused on thesis-driven growth investing at scale. With more than $54 billion in assets under management, our active portfolio of more than 185 companies is highly diversified by stage, sector and geography. As an experienced partner to outstanding management teams, we help build durable companies with sustainable value. We have raised 19 private equity funds, which have invested more than $83 billion in over 895 companies in more than 40 countries.