Latest news with #WhitecapResourcesInc.
Winnipeg Free Press
7 days ago
- Business
- Winnipeg Free Press
Whitecap, fresh off Veren deal, reports higher production in Q2
CALGARY – Whitecap Resources Inc., fresh off its $15-billion combination with Veren Inc., has reported higher revenues and oil and gas production in its latest quarterly results. The Calgary-based oil and gas producer says net income was $310.6 million for the three months ended June 30, up from $244.5 million during the same 2024 quarter. That amounted to 33 cents per diluted share compared with 41 cents per share a year earlier. Petroleum and natural gas revenues were $1.37 billion, an increase from $980.4 million during last year's second quarter. Whitecap produced 292,754 barrels of oil equivalent per day during the period compared to 177,314. The all-stock transaction with Veren closed in mid-May and Whitecap is now the biggest landholder in the Montney and Duvernay shales and the second-largest oil producer in Saskatchewan. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published July 23, 2025. Companies in this story: (TSX: WCP)
Hamilton Spectator
7 days ago
- Business
- Hamilton Spectator
Whitecap, fresh off Veren deal, reports higher production in Q2
CALGARY - Whitecap Resources Inc., fresh off its $15-billion combination with Veren Inc., has reported higher revenues and oil and gas production in its latest quarterly results. The Calgary-based oil and gas producer says net income was $310.6 million for the three months ended June 30, up from $244.5 million during the same 2024 quarter. That amounted to 33 cents per diluted share compared with 41 cents per share a year earlier. Petroleum and natural gas revenues were $1.37 billion, an increase from $980.4 million during last year's second quarter. Whitecap produced 292,754 barrels of oil equivalent per day during the period compared to 177,314. The all-stock transaction with Veren closed in mid-May and Whitecap is now the biggest landholder in the Montney and Duvernay shales and the second-largest oil producer in Saskatchewan. This report by The Canadian Press was first published July 23, 2025. Companies in this story: (TSX: WCP)
Toronto Star
7 days ago
- Business
- Toronto Star
Whitecap, fresh off Veren deal, reports higher production in Q2
CALGARY - Whitecap Resources Inc., fresh off its $15-billion combination with Veren Inc., has reported higher revenues and oil and gas production in its latest quarterly results. The Calgary-based oil and gas producer says net income was $310.6 million for the three months ended June 30, up from $244.5 million during the same 2024 quarter.
Hamilton Spectator
12-05-2025
- Business
- Hamilton Spectator
Whitecap Resources' $15B combination with Veren now official
CALGARY - The $15-billion deal to combine of Whitecap Resources Inc. and Veren Inc. has closed, creating Canada's seventh largest oil and gas producer. 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. This report by The Canadian Press was first published May 12, 2025. Companies in this story: (TSX:WCP)
Winnipeg Free Press
12-05-2025
- Business
- Winnipeg Free Press
Whitecap Resources' $15B combination with Veren now official
CALGARY – The $15-billion deal to combine of Whitecap Resources Inc. and Veren Inc. has closed, creating Canada's seventh largest oil and gas producer. 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. Winnipeg Jets Game Days 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)
