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Whitecap completes acquisition of Veren Inc.

PRIVATEOct 04, 2026

Acquiring Company

Whitecap Resources

Acquired Company

Veren

CalgaryBalochistanEnergyOil And GasEnergyOil And Gas

Description

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.

Company Information

Company

Whitecap Resources

Location

Calgary, Alberta, Canada

About

Whitecap Resources is a Canadian oil and gas company focused on the acquisition and development of oil and natural gas properties. The company aims to create long-term value for its shareholders through a disciplined and sustainable approach. Whitecap is known for its strong operational performance and commitment to environmental responsibility.

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Frequently asked

Who acquired Veren?

Veren was acquired by Whitecap Resources, based in Calgary. The deal was reported on October 4, 2026. Whitecap Resources is a Canadian oil and gas company focused on the acquisition and development of oil and natural gas properties. Whitecap Resources is privately held and operates in Energy.

When did Whitecap Resources acquire Veren?

Whitecap Resources's acquisition of Veren was reported on October 4, 2026. 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.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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