UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM SD

 

SPECIALIZED DISCLOSURE REPORT

 

Veren Inc.

(Exact name of registrant as specified in its charter)

 

Alberta    001-36258
(State or other jurisdiction of incorporation)   (Commission File Number)
     
Suite 2000, 585-8th Avenue S.W.    
Calgary, Alberta   T2P 1G1
(Address of principal executive offices)   (Zip code)

 

Ken Lamont, CFO, (403) 693-0020

(Name and telephone number, including area code, of person to contact in connection with this report)

 

Check the appropriate box to indicate the rule pursuant to which this form is being filed.

 

☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31,_________.

 

☒ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.

 

 

 

 

 

 

SECTION 1 - CONFLICT MINERALS DISCLOSURE

 

Item 1.01 - Conflict Minerals Disclosure and Report

 

Not applicable

 

Item 1.02 - Exhibit

 

Not applicable

 

SECTION 2 - RESOURCE EXTRACTION ISSUER DISCLOSURE

 

Item 2.01 Resource Extraction Issuer Disclosure and Report

 

Veren Inc. (the “Company”) is subject to Canada’s Extractive Sector Transparency Measures Act (“ESTMA”). The Company is relying on the alternative reporting provision of Item 2.01 and providing its ESTMA report for the year ended December 31, 2023 to satisfy the requirements of Item 2.01. The Company’s ESTMA report is available on the Company’s website at https://vrn.com/esg/esg-reporting and on the Government of Canada’s website at https://natural-resources.canada.ca/estma-data. The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.

 

Effective January 1, 2024, Hammerhead Resources ULC (“Hammerhead”) amalgamated with the Company, and Hammerhead’s ESTMA report for the year ended December 31, 2023 is also included under Item 2.01. Hammerhead’s report is also available on the Company’s website at https://vrn.com/esg/esg-reporting.

 

The references to the Company’s website and the Government of Canada’s website are provided for convenience only, and their contents are not incorporated by reference into this Form SD or the ESTMA Report nor deemed filed with the U.S. Securities and Exchange Commission.

 

SECTION 3 - EXHIBITS

 

Item 3.01. Exhibits

 

The following exhibit is filed as part of this report.

 

Exhibit
Number		   Description
2.01   Extractive Sector Transparency Measures Act - Annual Report for the year ended December 31, 2023 for the Company and for Hammerhead Resources ULC

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned.

 

VEREN INC. September 16, 2024
  (Date)

 

By: /s/ Ken Lamont  
Name:  Ken Lamont  
Title: Chief Financial Officer  

 

 

2

 

Exhibit 2.01

 

Extractive Sector Transparency Measures Act - Annual Report
Reporting Entity Name Veren Inc.  
Reporting Year From 1/1/2023 To: 12/31/2023 Date submitted 9/11/2024  
Reporting Entity ESTMA Identification Number E199156

Original Submission

Amended Report

Report Version

  

2 

Other Subsidiaries Included

(optional field)

        
         
For Consolidated Reports - Subsidiary Reporting Entities Included in Report: E490061 Veren Partnership, E707333 Veren U.S. Corp., E976960 Veren Holdings Ltd., E400251 Veren LNG Corp., E597558 Veren Rockies Corp., E024996 Inception General Partner Inc.  
         
Not Substituted        
         
Attestation by Reporting Entity        
         
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.  
   
               
Full Name of Director or Officer of Reporting Entity Michael Politeski Date 9/10/2024  
Position Title Senior Vice President, Finance & Treasurer

 

 

 

 

Extractive Sector Transparency Measures Act - Annual Report
Reporting Year From: 1/1/2023 To:  12/31/2023              
Reporting Entity Name Veren Inc. Currency of the Report CAD      
Reporting Entity ESTMA Identification Number E199156          
Subsidiary Reporting Entities (if necessary) E490061 Veren Partnership, E707333 Veren U.S. Corp., E976960 Veren Holdings Ltd., E400251 Veren LNG Corp., E597558 Veren Rockies Corp., E024996 Inception General Partner Inc.          
Payments by Payee
Country Payee Name1 Departments, Agency, etc… within Payee that Received Payments2 Taxes Royalties Fees Production Entitlements Bonuses Dividends Infrastructure Improvement Payments Total Amount paid to Payee Notes34
Canada GOVERNMENT OF CANADA                                     420,000         420,000 Agriculture & Agri-Food Canada, Competition Bureau, Environment and Climate Control Canada, Receiver General for Canada, Receiver General for Canada Public Lands/Frontier Lands Management Division
Canada INDIAN OIL AND GAS CANADA                                1,870,000                               490,000         2,360,000 Receiver General for Canada
Canada -Alberta GOVERNMENT OF ALBERTA                                 210,000                        144,280,000                            5,210,000                                                         26,790,000     176,490,000 Royalties include payments in kind of $53.8MM for 562,106 boe at Veren’s realized price. Alberta Boilers Safety Association, Alberta Energy Regulator, Alberta Infrastructure & Transportation, Alberta Petroleum Marketing Commission, Alberta Securities Commission, Minister of Finance - Alberta, Special Areas Board
Canada -Saskatchewan GOVERNMENT OF SASKATCHEWAN                            53,460,000                          86,930,000                            7,610,000         1,540,000     149,540,000 Minister of Finance, Ministry of Agriculture, Saskatchewan Ministry of Energy & Resources, Saskatchewan Power Corporation, Saskatchewan Abilities Council, Saskatchewan Power Corporation , Saskatchewan Safety Council, SaskTel,  Technical Safety Authority of Saskatchewan, University of Regina,University of Saskatchewan, Water Security Agency
Canada ALEXANDER FIRST NATION                                     140,000         140,000 Alexander Industry Relations Corporation, Alexander Safety
Canada ELIZABETH METIS SETTLEMENT                                     280,000         280,000  
Canada FISHING LAKE METIS SETTLEMENT                                     130,000         130,000  
Canada FLYING DUST FIRST NATION                                   130,000           130,000 Flying Energy Oil & Gas Limited
Canada STURGEON LAKE CREE NATION                                     270,000         270,000  
Canada SWAN RIVER FIRST NATION                                     110,000         110,000  
Canada -Alberta COUNTY OF BIG LAKES                              2,180,000             2,180,000  
Canada -Alberta COUNTY OF WOODLANDS                                 380,000             380,000  
Canada -Alberta COUNTY OF YELLOWHEAD                                 120,000             120,000  
Canada -Alberta MUNICIPAL DISTRICT OF FOOTHILLS                              1,220,000             1,220,000 Foothills Regional Service Commission
Canada -Alberta MUNICIPAL DISTRICT OF GREENVIEW                              3,960,000             3,960,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF ARLINGTON                              2,970,000             2,970,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF BENSON                                 790,000             790,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF BONE CREEK                                 720,000             720,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF BROCK                                 960,000                               380,000           1,340,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF CAMBRIA                              1,790,000             1,790,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF CARMICHAEL                                 620,000             620,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF CYMRI                                 240,000             240,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF FRONTIER                                 550,000             550,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF GOLDEN WEST                                 550,000             550,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF GRIFFIN                              1,420,000             1,420,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF HAZELWOOD                                 500,000             500,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF LAKE ALMA                                 320,000             320,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF RENO                                 110,000             110,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF RIVERSIDE                              1,140,000             1,140,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF SURPRISE VALLEY                                 190,000             190,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF TECUMSEH                              5,410,000                               300,000           5,710,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF WEBB                                 150,000             150,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF WHITE VALLEY                              2,390,000             2,390,000  
Canada -Saskatchewan RURAL MUNICIPALITY OF SOURIS VALLEY                              1,890,000             1,890,000  
United States of America STATE OF NORTH DAKOTA                            61,370,000                            8,060,000           69,430,000 USD converted to Canadian equivalent at the December 31, 2023 rate of 1.3205. North Dakota Department of Trust Lands, North Dakota Office of State Tax Commissioner
Additional Notes: On May 10, 2024, as part of the rebranding, Crescent Point Energy Corp. changed its name to Veren Inc., and the subsidiaries have changed their names accordingly.
Reason for amendment: payments previously reported as production entitlements under the Government of Alberta and Government of Saskatchewan corrected to bonus payments.

 

1Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z).
2Optional field.
3When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.
4Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the Additional notes row or the Notes column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.

 

 

 

 

Extractive Sector Transparency Measures Act - Annual Report
Reporting Year From: 1/1/2023 To:  12/31/2023            
Reporting Entity Name Veren Inc. Currency of the Report CAD    
Reporting Entity ESTMA Identification Number E199156        
Subsidiary Reporting Entities (if necessary) E490061 Veren Partnership, E707333 Veren U.S. Corp., E976960 Veren Holdings Ltd., E400251 Veren LNG Corp., E597558 Veren Rockies Corp., E024996 Inception General Partner Inc.        
Payments by Project
Country Project Name1 Taxes Royalties Fees Production Entitlements Bonuses Dividends Infrastructure Improvement Payments Total Amount paid by Project Notes23
Canada Corporate                                 43,010,000                                         -                                  220,000                       20,000     43,250,000  
Canada -Alberta Alberta                                   8,060,000                        145,980,000                            6,470,000          26,790,000     187,300,000 Royalties include payments in kind of $53.8MM for 562,106 boe at Veren’s realized price.
Canada -Saskatchewan SW Saskatchewan                                   9,720,000                          54,750,000                            3,340,000                           -     67,810,000  
Canada -Saskatchewan SE Saskatchewan                                 23,450,000                          33,160,000                            4,630,000                  1,520,000     62,760,000  
United States of America USA                                 61,370,000                            8,060,000                                         -                        -     69,430,000 USD converted to Canadian equivalent at the December 31, 2023 rate of 1.3205
                     
                     
                     
Additional Notes3: On May 10, 2024, as part of the rebranding, Crescent Point Energy Corp. has changed its name to Veren Inc., and the subsidiaries have changed their names accordingly.

 

1Enter the project that the payment is attributed to. Some payments may not be attributable to a specific project, and do not need to be disclosed in the “Payments by Project” table.
2When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.
3Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the “Additional Notes” row or the “Notes” column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.

 

 

 

 

Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name

 Hammerhead Resources ULC  

Reporting Year

 From 1/1/2023 To: 12/31/2023 Date submitted 4/23/2024  

Reporting Entity ESTMA Identification Number

 E833586

Original Submission

Amended Report

    

Other Subsidiaries Included

(optional field)

        
         
Not Consolidated    
         

Not Substituted

        
         

Attestation by Reporting Entity

        
         

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

  
   
               
Full Name of Director or Officer of Reporting Entity Michael Politeski Date 2/22/2024  
Position Title Senior Vice President, Finance and Treasurer

 

 

 

 

Extractive Sector Transparency Measures Act - Annual Report
Reporting Year From: 1/1/2023 To:  12/31/2023              
Reporting Entity Name Hammerhead Resources ULC Currency of the Report CAD      
Reporting Entity ESTMA Identification Number E833586          
Subsidiary Reporting Entities (if necessary)            
Payments by Payee
Country Payee Name1 Departments, Agency, etc… within Payee that Received Payments2 Taxes Royalties Fees Production Entitlements Bonuses Dividends Infrastructure Improvement Payments Total Amount paid to Payee Notes34
Canada Government of Alberta                              99,885,519                            1,221,916         101,107,435 Royalties paid in-kind are valued at fair market value, based on Hammerhead’s realized sales price.  Payees include: Alberta Boilers Safety Association, Alberta Energy Regulator, Alberta Department of Energy, and Provincial Treasurer of Alberta.
Canada Municipal District of Greenview                              2,336,012             2,336,012  
                       
                       
                       
                        
Additional Notes: Included within the Government of Alberta royalty amount is $83,370,748.93 of paid-in-kind royalties.

Hammerhead Resources ULC is a wholly owned subsidiary of Hammerhead Energy Inc.  Hammerhead Energy Inc. and its subsidiaries were acquired by Crescent Point Energy Corporation on December 21, 2023.

 

1Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z).
2Optional field.
3When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.
4Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the Additional notes row or the Notes column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.

 

 

 

 

Extractive Sector Transparency Measures Act - Annual Report
Reporting Year From: 1/1/2023 To:  12/31/2023            
Reporting Entity Name Hammerhead Resources ULC Currency of the Report CAD    
Reporting Entity ESTMA Identification Number E833586        
Subsidiary Reporting Entities (if necessary)          
Payments by Project
Country Project Name1 Taxes Royalties Fees Production Entitlements Bonuses Dividends Infrastructure Improvement Payments Total Amount paid by Project Notes23
Canada Alberta Oil and Gas Extraction                                   2,336,012                          99,885,519                            1,221,916         103,443,448 Royalties paid in-kind are valued at fair market value, based on Hammerhead’s realized sales price.
                     
                     
                     
                     
                     
Additional Notes3: Included within the Alberta Oil and Gas Extraction royalty amount is $83,370,748.93 of paid-in-kind royalties to the Government of Alberta.

Hammerhead Resources ULC is a wholly owned subsidiary of Hammerhead Energy Inc.  Hammerhead Energy Inc. and its subsidiaries were acquired by Crescent Point Energy Corporation on December 21, 2023.

 

1Enter the project that the payment is attributed to. Some payments may not be attributable to a specific project, and do not need to be disclosed in the “Payments by Project” table.
2When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.
3Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the “Additional Notes” row or the “Notes” column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.

 

 

 

 

 

v3.24.3
Document Information
 12 Months Ended
Dec. 31, 2023
Document Information:  
Document Type 2.01 SD
Amendment false
CIK 0001545851
Registrant Name Veren Inc.
Period End Date Dec. 31, 2023
Reporting Currency CAD
v3.24.3
Payments, by Category - 12 months ended Dec. 31, 2023 - CAD ($)
Total
Veren Inc
Hammerhead Resources ULC
Payments:      
Taxes $ 147,946,012 $ 145,610,000 $ 2,336,012
Royalties 341,835,519 241,950,000 99,885,519
Fees 15,881,916 14,660,000 1,221,916
Bonuses 28,330,000 28,330,000  
Total Payments $ 533,993,447 $ 430,550,000 $ 103,443,447
v3.24.3
Payments, by Project - 12 months ended Dec. 31, 2023 - CAD ($)
Taxes
Royalties
Fees
Bonuses
Total Payments
Total $ 147,946,012 $ 341,835,519 $ 15,881,916 $ 28,330,000 $ 533,993,447
Corporate          
Total 43,010,000   220,000 20,000 43,250,000
Alberta          
Total 8,060,000 145,980,000 6,470,000 26,790,000 187,300,000
SW Saskatchewan          
Total 9,720,000 54,750,000 3,340,000   67,810,000
SE Saskatchewan          
Total 23,450,000 33,160,000 4,630,000 1,520,000 62,760,000
Veren Inc USA          
Total 61,370,000 8,060,000     69,430,000
Alberta Oil and Gas Extraction          
Total 2,336,012 99,885,519 1,221,916   103,443,447
Veren Inc          
Total 145,610,000 241,950,000 14,660,000 28,330,000 430,550,000
Veren Inc | Corporate          
Total 43,010,000   220,000 20,000 43,250,000
Veren Inc | Alberta          
Total 8,060,000 145,980,000 6,470,000 26,790,000 187,300,000
Veren Inc | SW Saskatchewan          
Total 9,720,000 54,750,000 3,340,000   67,810,000
Veren Inc | SE Saskatchewan          
Total 23,450,000 33,160,000 4,630,000 $ 1,520,000 62,760,000
Veren Inc | Veren Inc USA          
Total 61,370,000 8,060,000     69,430,000
Hammerhead Resources ULC          
Total 2,336,012 99,885,519 1,221,916   103,443,447
Hammerhead Resources ULC | Alberta Oil and Gas Extraction          
Total $ 2,336,012 $ 99,885,519 $ 1,221,916   $ 103,443,447
v3.24.3
Payments, by Government - 12 months ended Dec. 31, 2023 - CAD ($)
Taxes
Royalties
Fees
Bonuses
Total Payments
Total $ 147,946,012 $ 341,835,519 $ 15,881,916 $ 28,330,000 $ 533,993,447
GOVERNMENT OF CANADA          
Total     420,000   420,000
INDIAN OIL AND GAS CANADA          
Total   1,870,000 490,000   2,360,000
GOVERNMENT OF ALBERTA          
Total 210,000 244,165,519 6,431,916 26,790,000 277,597,435
GOVERNMENT OF SASKATCHEWAN          
Total 53,460,000 86,930,000 7,610,000 1,540,000 149,540,000
ALEXANDER FIRST NATION          
Total     140,000   140,000
ELIZABETH METIS SETTLEMENT          
Total     280,000   280,000
FISHING LAKE METIS SETTLEMENT          
Total     130,000   130,000
FLYING DUST FIRST NATION          
Total   130,000     130,000
STURGEON LAKE CREE NATION          
Total     270,000   270,000
SWAN RIVER FIRST NATION          
Total     110,000   110,000
COUNTY OF BIG LAKES          
Total 2,180,000       2,180,000
COUNTY OF WOODLANDS          
Total 380,000       380,000
COUNTY OF YELLOWHEAD          
Total 120,000       120,000
MUNICIPAL DISTRICT OF FOOTHILLS          
Total 1,220,000       1,220,000
MUNICIPAL DISTRICT OF GREENVIEW          
Total 6,296,012       6,296,012
RURAL MUNICIPALITY OF ARLINGTON          
Total 2,970,000       2,970,000
RURAL MUNICIPALITY OF BENSON          
Total 790,000       790,000
RURAL MUNICIPALITY OF BONE CREEK          
Total 720,000       720,000
RURAL MUNICIPALITY OF BROCK          
Total 960,000 380,000     1,340,000
RURAL MUNICIPALITY OF CAMBRIA          
Total 1,790,000       1,790,000
RURAL MUNICIPALITY OF CARMICHAEL          
Total 620,000       620,000
RURAL MUNICIPALITY OF CYMRI          
Total 240,000       240,000
RURAL MUNICIPALITY OF FRONTIER          
Total 550,000       550,000
RURAL MUNICIPALITY OF GOLDEN WEST          
Total 550,000       550,000
RURAL MUNICIPALITY OF GRIFFIN          
Total 1,420,000       1,420,000
RURAL MUNICIPALITY OF HAZELWOOD          
Total 500,000       500,000
RURAL MUNICIPALITY OF LAKE ALMA          
Total 320,000       320,000
RURAL MUNICIPALITY OF RENO          
Total 110,000       110,000
RURAL MUNICIPALITY OF RIVERSIDE          
Total 1,140,000       1,140,000
RURAL MUNICIPALITY OF SURPRISE VALLEY          
Total 190,000       190,000
RURAL MUNICIPALITY OF TECUMSEH          
Total 5,410,000 300,000     5,710,000
RURAL MUNICIPALITY OF WEBB          
Total 150,000       150,000
RURAL MUNICIPALITY OF WHITE VALLEY          
Total 2,390,000       2,390,000
RURAL MUNICIPALITY OF SOURIS VALLEY          
Total 1,890,000       1,890,000
STATE OF NORTH DAKOTA          
Total 61,370,000 8,060,000     69,430,000
Veren Inc          
Total 145,610,000 241,950,000 14,660,000 28,330,000 430,550,000
Veren Inc | GOVERNMENT OF CANADA          
Total     420,000   420,000
Veren Inc | INDIAN OIL AND GAS CANADA          
Total   1,870,000 490,000   2,360,000
Veren Inc | GOVERNMENT OF ALBERTA          
Total 210,000 144,280,000 5,210,000 26,790,000 176,490,000
Veren Inc | GOVERNMENT OF SASKATCHEWAN          
Total 53,460,000 86,930,000 7,610,000 $ 1,540,000 149,540,000
Veren Inc | ALEXANDER FIRST NATION          
Total     140,000   140,000
Veren Inc | ELIZABETH METIS SETTLEMENT          
Total     280,000   280,000
Veren Inc | FISHING LAKE METIS SETTLEMENT          
Total     130,000   130,000
Veren Inc | FLYING DUST FIRST NATION          
Total   130,000     130,000
Veren Inc | STURGEON LAKE CREE NATION          
Total     270,000   270,000
Veren Inc | SWAN RIVER FIRST NATION          
Total     110,000   110,000
Veren Inc | COUNTY OF BIG LAKES          
Total 2,180,000       2,180,000
Veren Inc | COUNTY OF WOODLANDS          
Total 380,000       380,000
Veren Inc | COUNTY OF YELLOWHEAD          
Total 120,000       120,000
Veren Inc | MUNICIPAL DISTRICT OF FOOTHILLS          
Total 1,220,000       1,220,000
Veren Inc | MUNICIPAL DISTRICT OF GREENVIEW          
Total 3,960,000       3,960,000
Veren Inc | RURAL MUNICIPALITY OF ARLINGTON          
Total 2,970,000       2,970,000
Veren Inc | RURAL MUNICIPALITY OF BENSON          
Total 790,000       790,000
Veren Inc | RURAL MUNICIPALITY OF BONE CREEK          
Total 720,000       720,000
Veren Inc | RURAL MUNICIPALITY OF BROCK          
Total 960,000 380,000     1,340,000
Veren Inc | RURAL MUNICIPALITY OF CAMBRIA          
Total 1,790,000       1,790,000
Veren Inc | RURAL MUNICIPALITY OF CARMICHAEL          
Total 620,000       620,000
Veren Inc | RURAL MUNICIPALITY OF CYMRI          
Total 240,000       240,000
Veren Inc | RURAL MUNICIPALITY OF FRONTIER          
Total 550,000       550,000
Veren Inc | RURAL MUNICIPALITY OF GOLDEN WEST          
Total 550,000       550,000
Veren Inc | RURAL MUNICIPALITY OF GRIFFIN          
Total 1,420,000       1,420,000
Veren Inc | RURAL MUNICIPALITY OF HAZELWOOD          
Total 500,000       500,000
Veren Inc | RURAL MUNICIPALITY OF LAKE ALMA          
Total 320,000       320,000
Veren Inc | RURAL MUNICIPALITY OF RENO          
Total 110,000       110,000
Veren Inc | RURAL MUNICIPALITY OF RIVERSIDE          
Total 1,140,000       1,140,000
Veren Inc | RURAL MUNICIPALITY OF SURPRISE VALLEY          
Total 190,000       190,000
Veren Inc | RURAL MUNICIPALITY OF TECUMSEH          
Total 5,410,000 300,000     5,710,000
Veren Inc | RURAL MUNICIPALITY OF WEBB          
Total 150,000       150,000
Veren Inc | RURAL MUNICIPALITY OF WHITE VALLEY          
Total 2,390,000       2,390,000
Veren Inc | RURAL MUNICIPALITY OF SOURIS VALLEY          
Total 1,890,000       1,890,000
Veren Inc | STATE OF NORTH DAKOTA          
Total 61,370,000 8,060,000     69,430,000
Hammerhead Resources ULC          
Total 2,336,012 99,885,519 1,221,916   103,443,447
Hammerhead Resources ULC | GOVERNMENT OF ALBERTA          
Total   $ 99,885,519 $ 1,221,916   101,107,435
Hammerhead Resources ULC | MUNICIPAL DISTRICT OF GREENVIEW          
Total $ 2,336,012       $ 2,336,012
v3.24.3
Payments, Details - 12 months ended Dec. 31, 2023 - CAD ($)
Amount
Type
Country
Govt.
Project
Resource
Segment
Ext. Method
In-kind
In-kind Calc.
Veren Inc | #: 4                    
$ 1,700,000 Royalties CANADA INDIAN OIL AND GAS CANADA Alberta Oil & Gas Oil & Gas Well    
Veren Inc | #: 5                    
170,000 Royalties CANADA INDIAN OIL AND GAS CANADA SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 6                    
380,000 Fees CANADA INDIAN OIL AND GAS CANADA Alberta Oil & Gas Oil & Gas Well    
Veren Inc | #: 7                    
110,000 Fees CANADA INDIAN OIL AND GAS CANADA SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 8                    
200,000 Taxes CANADA GOVERNMENT OF ALBERTA Alberta Oil & Gas Oil & Gas Well    
Veren Inc | #: 9                    
10,000 Taxes CANADA GOVERNMENT OF ALBERTA Corporate Oil & Gas Oil & Gas Well    
Veren Inc | #: 10                    
144,280,000 Royalties CANADA GOVERNMENT OF ALBERTA Alberta Oil & Gas Oil & Gas Well Yes Royalties include payments in kind of $53.8MM for 562,106 boe at Veren’s realized price.
Veren Inc | #: 11                    
5,160,000 Fees CANADA GOVERNMENT OF ALBERTA Alberta Oil & Gas Oil & Gas Well    
Veren Inc | #: 12                    
50,000 Fees CANADA GOVERNMENT OF ALBERTA Corporate Oil & Gas Oil & Gas Well    
Veren Inc | #: 13                    
26,790,000 Bonuses CANADA GOVERNMENT OF ALBERTA Alberta Oil & Gas Oil & Gas Well    
Veren Inc | #: 14                    
1,050,000 Taxes CANADA GOVERNMENT OF SASKATCHEWAN SW Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 15                    
9,410,000 Taxes CANADA GOVERNMENT OF SASKATCHEWAN SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 16                    
43,000,000 Taxes CANADA GOVERNMENT OF SASKATCHEWAN Corporate Oil & Gas Oil & Gas Well    
Veren Inc | #: 17                    
32,180,000 Royalties CANADA GOVERNMENT OF SASKATCHEWAN SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 18                    
54,750,000 Royalties CANADA GOVERNMENT OF SASKATCHEWAN SW Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 19                    
4,520,000 Fees CANADA GOVERNMENT OF SASKATCHEWAN SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 20                    
3,090,000 Fees CANADA GOVERNMENT OF SASKATCHEWAN SW Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 21                    
20,000 Bonuses CANADA GOVERNMENT OF SASKATCHEWAN Corporate Oil & Gas Oil & Gas Well    
Veren Inc | #: 22                    
1,520,000 Bonuses CANADA GOVERNMENT OF SASKATCHEWAN SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 23                    
140,000 Fees CANADA ALEXANDER FIRST NATION Alberta Oil & Gas Oil & Gas Well    
Veren Inc | #: 24                    
280,000 Fees CANADA ELIZABETH METIS SETTLEMENT Alberta Oil & Gas Oil & Gas Well    
Veren Inc | #: 25                    
130,000 Fees CANADA FISHING LAKE METIS SETTLEMENT Alberta Oil & Gas Oil & Gas Well    
Veren Inc | #: 26                    
130,000 Royalties CANADA FLYING DUST FIRST NATION SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 27                    
270,000 Fees CANADA STURGEON LAKE CREE NATION Alberta Oil & Gas Oil & Gas Well    
Veren Inc | #: 28                    
110,000 Fees CANADA SWAN RIVER FIRST NATION Alberta Oil & Gas Oil & Gas Well    
Veren Inc | #: 29                    
2,180,000 Taxes CANADA COUNTY OF BIG LAKES Alberta Oil & Gas Oil & Gas Well    
Veren Inc | #: 30                    
380,000 Taxes CANADA COUNTY OF WOODLANDS Alberta Oil & Gas Oil & Gas Well    
Veren Inc | #: 31                    
120,000 Taxes CANADA COUNTY OF YELLOWHEAD Alberta Oil & Gas Oil & Gas Well    
Veren Inc | #: 32                    
1,220,000 Taxes CANADA MUNICIPAL DISTRICT OF FOOTHILLS Alberta Oil & Gas Oil & Gas Well    
Veren Inc | #: 33                    
3,960,000 Taxes CANADA MUNICIPAL DISTRICT OF GREENVIEW Alberta Oil & Gas Oil & Gas Well    
Veren Inc | #: 34                    
2,970,000 Taxes CANADA RURAL MUNICIPALITY OF ARLINGTON SW Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 35                    
790,000 Taxes CANADA RURAL MUNICIPALITY OF BENSON SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 36                    
720,000 Taxes CANADA RURAL MUNICIPALITY OF BONE CREEK SW Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 37                    
960,000 Taxes CANADA RURAL MUNICIPALITY OF BROCK SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 38                    
380,000 Royalties CANADA RURAL MUNICIPALITY OF BROCK SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 39                    
1,790,000 Taxes CANADA RURAL MUNICIPALITY OF CAMBRIA SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 40                    
620,000 Taxes CANADA RURAL MUNICIPALITY OF CARMICHAEL SW Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 41                    
240,000 Taxes CANADA RURAL MUNICIPALITY OF CYMRI SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 42                    
550,000 Taxes CANADA RURAL MUNICIPALITY OF FRONTIER SW Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 43                    
550,000 Taxes CANADA RURAL MUNICIPALITY OF GOLDEN WEST SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 44                    
1,420,000 Taxes CANADA RURAL MUNICIPALITY OF GRIFFIN SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 45                    
500,000 Taxes CANADA RURAL MUNICIPALITY OF HAZELWOOD SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 46                    
300,000 Taxes CANADA RURAL MUNICIPALITY OF LAKE ALMA SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 47                    
20,000 Taxes CANADA RURAL MUNICIPALITY OF LAKE ALMA SW Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 48                    
110,000 Taxes CANADA RURAL MUNICIPALITY OF RENO SW Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 49                    
1,140,000 Taxes CANADA RURAL MUNICIPALITY OF RIVERSIDE SW Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 50                    
190,000 Taxes CANADA RURAL MUNICIPALITY OF SURPRISE VALLEY SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 51                    
5,410,000 Taxes CANADA RURAL MUNICIPALITY OF TECUMSEH SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 52                    
300,000 Royalties CANADA RURAL MUNICIPALITY OF TECUMSEH SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 53                    
150,000 Taxes CANADA RURAL MUNICIPALITY OF WEBB SW Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 54                    
2,390,000 Taxes CANADA RURAL MUNICIPALITY OF WHITE VALLEY SW Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 55                    
1,890,000 Taxes CANADA RURAL MUNICIPALITY OF SOURIS VALLEY SE Saskatchewan Oil & Gas Oil & Gas Well    
Veren Inc | #: 56                    
61,370,000 Taxes UNITED STATES STATE OF NORTH DAKOTA Veren Inc USA Oil & Gas Oil & Gas Well    
Veren Inc | #: 57                    
8,060,000 Royalties UNITED STATES STATE OF NORTH DAKOTA Veren Inc USA Oil & Gas Oil & Gas Well    
Veren Inc | #: 58                    
170,000 Fees CANADA GOVERNMENT OF CANADA Corporate Oil & Gas Oil & Gas Well    
Veren Inc | #: 59                    
250,000 Fees CANADA GOVERNMENT OF CANADA SW Saskatchewan Oil & Gas Oil & Gas Well    
Hammerhead Resources ULC | #: 1                    
99,885,519 Royalties CANADA GOVERNMENT OF ALBERTA Alberta Oil and Gas Extraction Oil & Gas Oil & Gas Well Yes Royalties paid in-kind are valued at fair market value, based on Hammerhead’s realized sales price.
Hammerhead Resources ULC | #: 2                    
1,221,916 Fees CANADA GOVERNMENT OF ALBERTA Alberta Oil and Gas Extraction Oil & Gas Oil & Gas Well    
Hammerhead Resources ULC | #: 3                    
$ 2,336,012 Taxes CANADA MUNICIPAL DISTRICT OF GREENVIEW Alberta Oil and Gas Extraction Oil & Gas Oil & Gas Well    
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