Acquiring Company
Whitecap Resources
Acquired Company
Veren
Calgary
BalochistanEnergyOil And GasRenewable EnergyEnergyOil And GasDescription
Whitecap Resources has successfully completed the takeover of Veren Inc., exchanging 1.05 shares of Whitecap for each share of Veren, valuing the deal at CAD 6.1 billion. The transaction resulted in Veren being delisted from the Toronto Stock Exchange on May 13, 2025. Shareholders will now benefit from the combined operational capacities of both companies. The ownership structure sees Veren shareholders obtaining 52 percent of the new entity.
Quick answer
Whitecap Resources is acquiring Veren, announced May 13, 2025. Whitecap Resources is based in Calgary, Alberta, Canada.
- How much did Whitecap Resources pay for Veren?
- The deal value was not disclosed.
- What does Whitecap Resources do?
- Whitecap Resources Inc. is an existing strategic partner of Topaz and the owner of the newly commissioned natural gas and condensate facility, located in the Musreau area of the Alberta Montney.
- Where are Whitecap Resources and Veren based?
- Whitecap Resources is based in Calgary, Alberta, Canada. Veren is based in Balochistan, Pakistan.
Source: Fundz verified event record.
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Frequently asked
Who acquired Veren?
Veren was acquired by Whitecap Resources, based in Calgary. The deal was reported on May 13, 2025. Whitecap Resources Inc. is an existing strategic partner of Topaz and the owner of the newly commissioned natural gas and condensate facility, located in the Musreau area of the Alberta Montney. Whitecap Resources is publicly traded (WCPRF) and operates in Energy.
When did Whitecap Resources acquire Veren?
Whitecap Resources's acquisition of Veren was reported on May 13, 2025. Whitecap Resources has successfully completed the takeover of Veren Inc., exchanging 1.05 shares of Whitecap for each share of Veren, valuing the deal at CAD 6.1 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Veren do?
Veren Inc. is a company that holds Midstream Assets including Gold Creek and Karr area oil batteries. It is privately held, operating in Energy, and is based in Balochistan.
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