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Whitecap Ahead of Schedule, Drilling 85 More HZ Wells in 2014
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Whitecap Resources Inc. has announced that it has filed on SEDAR its unaudited interim financial statements and related Management's Discussion and Analysis for the three months ended March 31, 2014.
First Quarter 2014 HighlightsIn the first quarter of 2014 Whitecap continued to execute on its business plan of providing shareholders with a sustainable platform of per share growth and dividend income:
Whitecap achieved a new production record of 26,508 boe/d (71% oil and NGLs) compared to 22,061 boe/d (67% oil and NGLs) in the fourth quarter of 2013, an increase of 20% on an absolute basis and 3% on a fully diluted share basis. We spent $130.6 million of development capital in the first quarter which was 7% lower than our initial forecast of $140.0 million and achieved an exit rate…- ✓ Full news archive — U.S., Canada & international coverage
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