Whitecap Resources' $15B combination with Veren now official
The new company is operating under the Whitecap name and management team.
It is now the biggest landholder in the Montney and Duvernay shale regions in B.C. and Alberta, with a big light oil footprint in Saskatchewan.
Whitecap says it has already reached two agreements to sell non-strategic assets for $270 million.
The deals include medium oil production in southwest Saskatchewan and its minority interest in a natural gas facility in northwest Alberta.
It's expecting to produce between 295,000 and 300,000 barrels of oil equivalent per day this year with capital spending totalling of about $2.0 billion.
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On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop.
This report by The Canadian Press was first published May 12, 2025.
Companies in this story: (TSX:WCP)
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