VAALCO Energy, Inc. engages in the acquisition, development, and production of crude oil. It operates through the following segments: Gabon, Equatorial Guinea; and Corporate and Other. The Gabon Segment focuses on the Offshore Gabon-Etame Marin Permit operation. The Equatorial Guinea segment deals with the Equatorial Guinea-Block P operation. The Corporate and Other segment consists of corporate and operations support costs. The company was founded by Virgil A. Walston and Charles Alcorn in 1985 and is headquartered in Houston, TX.