VAALCO Energy Inc - Company Profile
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VAALCO Energy Inc (VAALCO) is an upstream oil and gas company. The company's primary activities involve the production, development, and acquisition of oil and natural gas properties. VAALCO's main products are oil and natural gas, which are extracted from its various properties. Its oil and natural gas products are used by various industries for energy production and other applications. The company delivers produced oil and associated natural gas from its fields through a riser system to allow for delivery, processing, storage and ultimately offloading the oil from leased floating production storage and offloading (FPSO) vessels for transportation. The company operates in several geographic locations, including offshore Gabon and Equatorial Guinea, onshore Egypt, and western Canada, with a primary focus on Africa. VAALCO is headquartered in Houston, Texas, United States.
Headquarters
United States of America
Address
2500 Citywest Blvd., Suite 400, Houston, Texas, 77042
Website
www.vaalco.com
Telephone
1 713 6230801
No of Employees
230
Industry
Energy and Utilities
Ticker Symbol & Exchange
EGY (NYSE)
Revenue (2024)
$479.0M
5.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-3.1%
(2024 vs 2023)
Market Cap*
$599.3M
Net Profit Margin (2024)
XYZ
-7.9%
(2024 vs 2023)
* As of and is in US$
VAALCO Energy Inc premium industry data and analytics
Products and Services
| Products |
|---|
| Natural Gas |
| Crude Oil |
| Natural Gas Liquids |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Acquisitions/Mergers/Takeovers | In March, the company acquired a 70% stake in the CI-705 block in the Tano basin from Ivory Coast Exploration Oil & Gas and Societe Nationale d'Operations Petrolieres de la Cote d'Ivoire (PETROCI). |
| 2025 | Financing Agreements | In March, the company entered into a US$300 million revolving credit facility. |
| 2024 | Contracts/Agreements | In December, the company announced a contract with Borr Jack-Up XIV Inc to drill multiple development wells along with appraisal and exploration wells, as well as perform workovers, with options to drill additional wells. |
Competitor Comparison
| Key Parameters | VAALCO Energy Inc | Kosmos Energy Ltd | Dana Petroleum Ltd | SDX Energy Ltd | Apex International Energy |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United Kingdom | United Kingdom | United States of America |
| City | Houston | Dallas | Aberdeen | London | - |
| State/Province | Texas | Texas | Scotland | England | - |
| No. of Employees | 230 | 243 | 253 | 56 | - |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Andrew L. Fawthrop | Chairman | Executive Board | 2015 | 72 |
| George W. M. Maxwell | Chief Executive Officer | Executive Board | 2021 | 59 |
| Ronald Y. Bain | Chief Financial Officer | Senior Management | 2021 | 58 |
| Thor Pruckl | Chief Operating Officer | Senior Management | - | 64 |
| Lynn Willis | Controller; Chief Accounting Officer | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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