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

Whitecap Says Joining Forces With Veren Will Create ‘Resilient’ Oil and Gas Player

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. “The pro forma company will be more resilient and better able to manage the current macro environment, including the ongoing threat of tariffs and commodity price volatility,” Whitecap CEO Grant Fagerheim told a…

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

The combined company will be biggest landholder in the Montney and Duvernay in western Alberta and the second-largest oil producer in Saskatchewan

West Lake Energy Corp. purchases Anova Resources, and the junior producer model may be revived

Betts Drilling Rig 3 drilling north of Glen Ewen for Anova Resources on Jan. 27, 2024. Photo by Brian Zinchuk   The recent sale of a junior oil producer active in southeast Saskatchewan may indicate something of a rebirth of the junior producer business model. That’s the model that dominated the southeast Saskatchewan oilpatch after all the majors left. In January of 2025, West Lake Energy Corp., a private, Calgary, Alberta-based intermediate oi…