View source for Vaalco Energy

{{Infobox company
| name             = VAALCO Energy, Inc.
| logo             = File:Vaalco_Energy,_Inc,_Logo_2022.svg
| logo_size        = 250px
| type             = [[Public company]]
| traded_as        = {{New York Stock Exchange|EGY}}<br>[[Russell Microcap Index]] component
| foundation       = {{start date and age|1985}}
| location         = [[Houston]], Texas, United States 
| key_people       = {{nowrap|George W.M. Maxwell, [[CEO]]<br>Andrew L. Fawthrop, [[Chairman]]<br>Ron Bain, [[CFO]]}}
| industry         = [[Petroleum industry]]
| products         = [[Petroleum]]
| production       = {{convert|2.6|e3BOE|lk=in}} per day (2021)
| revenue          = {{increase}} $199 million (2021)
| net_income       = {{increase}} $81 million (2021)
| assets           = {{increase}} $263 million (2021)
| equity           = {{increase}} $144 million (2021)
| num_employees    = 117, including 80 in [[Gabon]] (2021)
| homepage         = {{URL|https://www.vaalco.com/}}
| footnotes        = <ref name=10K>{{cite web | url=https://www.sec.gov/ix?doc=/Archives/edgar/data/894627/000089462722000035/egy-20211231x10k.htm | title=VAALCO Energy, Inc. 2021 Form 10-K Annual Report | publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
}}
'''VAALCO Energy''' is a company engaged in [[hydrocarbon exploration]]. It is organized in [[Delaware]] and headquartered in [[Houston, Texas]] with operations primarily in the Etame Marin block offshore [[Gabon]].

As of December 31, 2021, the company had {{convert|11.218|e6BOE|lk=in}} of proved reserves, all of which was [[petroleum]].<ref name=10K/>

The company’s primary source of revenue is from its 58.8% interest, via a production sharing contract, in operations in the 750,000 acre (3,000&nbsp;km<sup>2</sup>) Etame Marin block, offshore Gabon. The company also owns a 45.9% working interest in an undeveloped portion of a block offshore [[Equatorial Guinea]].<ref name=10K/>

==History==
In 2000, the company sold a 32.5% interest in the Etame Marin permit offshore Gabon to PanAfrican Energy Corp.<ref>{{cite news | url=https://www.bizjournals.com/houston/stories/2000/12/11/daily30.html | title=Vaalco sells interest in Etame Marin Permit | work=[[American City Business Journals]] | date=December 15, 2000}}</ref>

In November 2012, the company acquired a 31% non-operating working interest in a production and development area offshore Equatorial Guinea from [[Petronas]] for $10 million.<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/vaalco-energy-acquires-working-interest-offshore-equatorial-guinea-176837281.html | title=VAALCO Energy Acquires Working Interest Offshore Equatorial Guinea | publisher=[[PR Newswire]] | date=November 1, 2012}}</ref>

In November 2016, the company acquired an additional 3.23% participating interest (2.98% working interest) in the Etame Marin permit offshore Gabon.<ref>{{cite press release | url=https://globenewswire.com/news-release/2016/11/28/893033/0/en/VAALCO-Energy-Announces-Closing-of-Acquisition-of-Additional-Working-Interest-in-the-Etame-Marin-Permit-Offshore-Gabon.html | title=VAALCO Energy Announces Closing of Acquisition of Additional Working Interest in the Etame Marin Permit Offshore Gabon | publisher=[[GlobeNewswire]] | date=November 28, 2016 }}</ref>

In December 2016, Cary Bounds was named chief executive officer of the company.<ref>{{cite press release | url=https://globenewswire.com/news-release/2017/01/03/903008/0/en/VAALCO-Energy-Announces-the-Appointment-of-Cary-Bounds-as-Chief-Executive-Officer-and-Board-Member-and-Closing-of-Hefley-Lease-Sale-in-North-Texas.html | title=VAALCO Energy Announces the Appointment of Cary Bounds as Chief Executive Officer and Board Member and Closing of Hefley Lease Sale in North Texas | publisher=[[GlobeNewswire]] | date=January 3, 2017}}</ref><ref>{{cite news | url=https://www.ogj.com/articles/2017/01/interim-tag-removed-from-vaalco-ceo-bounds.html | title=Interim tag removed from Vaalco CEO Bounds | work=[[Oil & Gas Journal]] | date=January 6, 2017}}</ref>

==References==
{{Reflist|1}}

==External links==
{{Finance links
| name      = VAALCO Energy, Inc.
| google    = EGY
| yahoo     = EGY
| bloomberg = EGY:US
| reuters   = EGY
| sec_cik   = EGY
}}
{{Authority control}}

[[Category:1985 establishments in Texas]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Oil companies of the United States]]