Dec 23 (Reuters) - Canada's Vermilion Energy (VET.TO) , opens new tab said on Monday it will acquire privately held oil and gas firm Westbrick Energy for C$1.075 billion ($746.53 million), strengthening its position in the Deep Basin of Alberta.

U.S.-listed shares were up 1.4% at $8.99 in premarket trade.

The acquisition, which is expected to close in the first quarter of 2025, is likely to add 50,000 barrels of oil equivalent per day to its existing production.

The integrated oil and gas firm said the acquisition will make it the fifth largest producer in the basin.

($1 = 1.4400 Canadian dollars)

Sign up here.

https://www.reuters.com/markets/deals/vermilion-energy-acquire-westbrick-energy-c108-bln-2024-12-23/