Whitecap and Veren Finalize $10.4B Merger, Create Top-7 Canadian Oil & Gas Producer
Rextag
JUNE 20, 2025
The drop follows a surge in 2024 driven by the Trans Mountain pipeline expansion, which added 600,000 bpd of export capacity and sparked record lease demand. paid C$27,556 per hectare, marking the priciest single transaction since 2013. The average price for oil sands leases has fallen to C$771 per hectare, down 18% from last year.
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