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WHITECAP RESOURCES AND VEREN TO COMBINE IN A $15 BILLION TRANSACTION TO CREATE A LEADING CANADIAN LIGHT OIL AND CONDENSATE PRODUCER

  • Whitecap Resources Inc. And Veren Inc. Are merging in a $15-billion deal to enhance their market position in Canadian shale and withstand economic challenges.
  • The merger will position Whitecap as the seventh-largest Canadian oil producer, with 370,000 barrels of daily production expected from the combined entity.
  • Veren shareholders will receive 1.05 Whitecap shares for each Veren share, with the deal needing approval from shareholders and regulators, and is projected to close before May 30, 2025.
  • Analyst MacCulloch noted a positive view on the merger, emphasizing the benefits it will provide to shareholders through enhanced asset value and market presence.
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26 Articles

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Global NewsGlobal News

Whitecap Resources to acquire Veren in $15B all-stock deal, creating major shale player

The combined firm is to be led by Whitecap's existing management team under the Whitecap name.

·Toronto, Canada
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Le DevoirLe Devoir

Alberta oil and gas producer Whitecap will acquire...

This $15 billion transaction will take place entirely in shares.

·Montreal, Canada
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SooToday.comSooToday.com

Whitecap says joining forces with Veren will create 'resilient' oil and gas player

CALGARY — Whitecap Resources Inc. and Veren Inc. are joining forces in a $15-billion dollar deal to create a major Canadian shale player that they say will stand stronger against political and market upheaval than if they were to each go it alone.

·Sault Ste. Marie, Canada
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CBC NewsCBC News

Whitecap to acquire Veren in $15B all-stock deal, creating major shale player

Oil and gas producers Whitecap Resources Inc. and Veren Inc. are joining forces in a $15-billion deal to create the biggest landholder in two Alberta shale formations.

·Canada
Read Full Article
La PresseLa Presse

Shale gas! Whitecap will acquire Veren for 15 billion

Oil and gas producers Whitecap Resources and Veren join forces in a $15 billion deal to create the largest landowner of two Alberta shale formations.

·Montreal, Canada
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Winnipeg SunWinnipeg Sun
+6 Reposted by 6 other sources

Whitecap to acquire Veren in $15-billion all-stock deal, creating major shale player

By Lauren Krugel

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Bias Distribution

  • 46% of the sources lean Left
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PR Newswire broke the news in United States on Monday, March 10, 2025.
Sources are mostly out of (0)

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