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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.