- CEO
- Brett Herman CA
- Full Time Employees
- 23
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 350 7th Avenue SW Calgary AB Canada T2P 3N9
- IPO Date
- Apr 19, 2012
- Business
- Lucero Energy Corp. Lucero Energy Corp. (PSHIF), a Canadian independent oil and gas company founded in 2011 and headquartered in Calgary, Alberta, engages in the acquisition, development, and production of oil-weighted assets in the Bakken and Three Forks formations within the Williston Basin area of North Dakota. The company focuses on high-netback light oil production through advanced drilling techniques, geophysical and geological analysis for energy exploration, efficient extraction methods, asset optimization, and operational practices emphasizing safety, regulatory compliance, and technological integration; its assets include operated producing wells exceeding 65, drilled uncompleted wells, and drilling locations in the Bakken core. Lucero Energy Corp. operates exclusively in the United States, targeting upstream energy markets with a portfolio managed for sustainability, balance sheet strength, and capital efficiencies via its wholly-owned subsidiary PetroShale US Corporation. In December 2024, the company announced an all-stock acquisition by Vitesse Energy, Inc. Vitesse Energy, Inc., valued at a fully diluted equity of US$222 million and completed as of March 7, 2025, under which Lucero shareholders received 0.01239 Vitesse shares per Lucero share, integrating its operations into Vitesse's non-operated and operated oil and gas strategy while adding scale, production of approximately 6.4 Mboe/d, US$56 million in cash, and targeted US$3 million in annual synergies. Previously known as PetroShale Inc., Lucero completed its name change and TSX Venture Exchange ticker update to LOU in May 2022.