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Whitecap and Veren merge in a $15B deal, becoming Canada's seventh-largest oil producer.
Oil and gas firms Whitecap Resources and Veren are merging in a $15-billion all-stock deal, forming the largest landholder in Alberta's Montney and Duvernay shale formations.
The combined firm, led by Whitecap's management, will become the seventh-largest Canadian oil producer, with a daily production of 370,000 barrels.
The deal is expected to close by May 30, pending approvals, and aims to enhance resilience against market volatility.
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Whitecap y Veren se fusionan en un acuerdo de $15B, convirtiéndose en el séptimo mayor productor de petróleo de Canadá.