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.
Whitecap and Veren merge in $10.4bn deal to expand shale operations
Whitecap Resources, a Canadian oil company, is set to merge with Veren, also an oil and gas company in Canada, in an all-stock transaction valued at C$15bn ($10.43bn), including debt. The merger will position the combined entity as the “seventh-largest” oil and gas producer in Canada and the largest Canadian light oil-focused producer.
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.
Whitecap and Veren Merge to Create US$10-Billion Canadian Light Oil Producer
Whitecap Resources and Veren have agreed to merge in a $10.4 billion all-share transaction, creating a leading Canadian light oil and condensate producer.
Canada's Whitecap, Veren in $10.4 billion merger to boost shale presence
(Reuters) -Whitecap Resources will merge with peer Veren in an all-stock deal valued at C$15 billion ($10.43 billion), including debt, creating the seventh-largest Canadian oil-and-gas producer. It will see the combined company become the largest landholder in Alberta's Montney and Duvernay regions,
Whitecap Resources, Veren to Merge in a $10.4 Billion All-Share Deal
Whitecap Resources and Veren have agreed to combine their companies in $10.44 billion deal that will enlarge their Alberta oil and gas footprint.
Toronto Stocks Retreat; Veren Shares Rise on C$15B Merger with Whitecap Resources
Shares of Veren rose more than 15% to 8.15 Canadian dollars ($5.67) after the company agreed to merge with Whitecap Resources in a C$15 billion deal that will enlarge its Alberta oil and gas footprint.
Veren and Whitecap Merger to Create a C$15B Energy Powerhouse
Veren Inc. VRN and Whitecap Resources Inc. have announced a transformative C$15 billion merger, creating Canada’s leading light oil and condensate producer with significant assets in Alberta’s Montney and Duvernay formations.
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Occidental chief stumps for carbon dioxide use in enhanced oil recovery
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