PRESS RELEASE
19 March 2025

Carter Ledyard Client Veren Agrees To Merger With Canadian Whitecap Resources In C$15 Billion Deal

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Carter Ledyard & Milburn

Contributor

Carter Ledyard & Milburn is a New York-based law firm with a strong focus on litigation, corporate transactions, real estate, and trusts and estates. We have a ratio of partners to associates of about one to one, and provide personal, partner-level attention to all clients and matters, large and small. This forms part of our Partners for Your Business® commitment, together with the focus we place on providing counseling to help advance the business interests of our clients.
Carter Ledyard announced today that its client, Veren, has agreed to merge with Whitecap Resources, in a $15 billion transaction that will redefine the Canadian leading light oil...
United States

The combination will form largest Canadian light oil focused producer

(New York, NY, March 17, 2025), Carter Ledyard announced today that its client, Veren, has agreed to merge with Whitecap Resources, in a $15 billion transaction that will redefine the Canadian leading light oil and condensate producer with significant assets in Alberta's Montney and Duvernay formations. Carter Ledyard's Cross-Border Canada Practice handled the U.S. aspects of the deal.

The combined entity will hold the largest land position in Alberta Montney and Duvernay and rank as the seventh-largest producer in the Western Canadian Sedimentary Basin, once obtaining the necessary approval of the shareholders of both companies and will also need court and regulatory approvals before closing, expected May 30, 2025.

Guy Lander, head of the Cross Border Canada practice, led the deal with Partner, Guy Ben-Ami, Partner, Austin Keyes, and Paul J. Brown III.

Contributor

Carter Ledyard & Milburn is a New York-based law firm with a strong focus on litigation, corporate transactions, real estate, and trusts and estates. We have a ratio of partners to associates of about one to one, and provide personal, partner-level attention to all clients and matters, large and small. This forms part of our Partners for Your Business® commitment, together with the focus we place on providing counseling to help advance the business interests of our clients.

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