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

Oil & Gas 360º

MARCH 10, 2025

. (“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. Under the terms of the Agreement, Veren shareholders will receive 1.05 common shares of Whitecap for each Veren common share held.

Exploration and Production

Exploration and Production Energy Energy Natural Gas

What Comes After the Permian for IOCs? A Basin of Enormous Value

Rextag

JUNE 2, 2025

Once considered a mature and declining conventional oil play at the start of the 21st century, the Permian has grown into a global energy giant, second only to Saudi Arabia in crude oil and condensate production. In 2025, crude and condensate output is projected to rise by 200,000 barrels per day (b/d), reaching 6.6 million b/d.

Basin

Basin Exploration and Production Condensate Oil

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

What Comes After the Permian for IOCs? A Basin of Enormous Value

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