Canada's Whitecap, Veren in $10.4 billion merger to boost shale presence
(Reuters) -Whitecap Resources will merge with peer Veren in an all-stock deal valued at C$15 billion ($10.43 billion), including debt, creating the seventh-largest Canadian oil-and-gas producer. It will see the combined company become the largest landholder in Alberta's Montney and Duvernay regions, two of North America’s most important shale plays. The combined company owns an "impressive" 1.5 million acres across the two plays, two-thirds of which are in the Montney with the remaining third in the Duvernay, said Whitecap Vice President Joey Wong on an investor presentation.