Veren Inc. in a business combination with Whitecap Resources Inc.
Canada | May 13, 2025
Client: Veren Inc.
Lawyers:
Our Calgary office with support from Toronto, Vancouver, Ottawa and Dallas advised in a business combination with Whitecap Resources Inc. pursuant to a plan of arrangement to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. The companies had entered into a definitive business combination agreement to combine these companies in an all-share transaction valued at approximately C$15 billion, inclusive of net debt, which closed on May 12, 2025.
The combined company has become the largest landholder in the Alberta Montney and Duvernay.
The combined company has become the largest landholder in the Alberta Montney and Duvernay.