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Whitecap and Veren Merge to Create US$10-Billion Canadian Light Oil Producer

OilPrice

MARCH 10, 2025

billion (C$15 billion) deal that will create a leading Canadian light oil and condensate producer, the companies said on Monday. The firms announced that they had entered into a definitive business combination agreement to combine in an all-share transaction valued at approximately US$10.4 billion (C$15 billion), inclusive of net debt.

Oil

Oil Condensate Barrel

Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

MARCH 10, 2025

. (“Whitecap”) (TSX: WCP) and Veren Inc. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. Barrel of Oil Equivalency “Boe” means barrel of oil equivalent.

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Whitecap and Veren Merge to Create US$10-Billion Canadian Light Oil Producer

Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

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