While the Calgary Centennials topped the season standings with 49 wins, the Edmonton Oil Kings won their second consecutive President's Cup, defeating the Regina Pats in the championship series.
This season also saw the league expand into British Columbia, becoming a truly Western Canadian organization.
On the national scene, 1972 also marked the beginning of a new era as it was decided that the Memorial Cup would be contested through a round robin tournament featuring the champions from the country's three major junior leagues—the WCHL, the Quebec Major Junior Hockey League, and the Ontario Hockey Association.
[1] The Oil Kings became the WCHL's first participant under this new format at the 1972 Memorial Cup tournament.
Note: GP = Games played; G = Goals; A = Assists; Pts = Points; PIM = Penalties in minutes The 1971–72 WCHL All-Star Game was held in Vancouver, British Columbia, with the East Division All-Stars defeating the West Division All-Stars 4–2 before a crowd of 5,783.