3 hour_ago
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Calgary·New
Oil and state producers Whitecap Resources Inc. and Veren Inc. are joining forces successful a $15-billion woody to make the biggest landholder successful 2 Alberta shale formations.
Calgary-based companies announced affable woody successful March
Lauren Krugel · The Canadian Press
· Posted: May 06, 2025 2:14 PM EDT | Last Updated: 16 minutes ago
Shareholders successful lipid and state shaper Veren Inc. person approved a $15-billion woody to articulation forces with Whitecap Resources Inc.
Veren did not instantly supply a breakdown of however galore votes were formed successful favour of the woody during a virtual shareholder gathering that was completed successful astir 5 minutes.
The Calgary-based companies announced a affable woody successful March that they accidental volition make the seventh-largest Canadian lipid institution by production, the biggest landholder successful the Montney and Duvernay shale regions successful occidental Alberta and the second-largest lipid shaper successful Saskatchewan.
The combined institution volition proceed operating nether the Whitecap sanction and absorption team.
Whitecap shareholders are to ballot connected the woody aboriginal Tuesday.
The companies person said they purpose to adjacent the woody aboriginal adjacent week.
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