Exploration & Production
Whitecap Reduces Cardium Well Cost; Plans To Drill 11 Wells In Second Quarter
Print
|
Whitecap is pleased to report on our second quarter 2012 operational and financial results. In the second quarter our primary focus was to continue to efficiently execute on our capital program in each of our core growth areas as well as closing and integrating the Midway acquisition which was completed on April 20, 2012.
Although the energy industry experienced lower commodity prices through the quarter with realized crude oil prices down 9%, liquids prices down 22%, and natural gas prices down 11% from first quarter prices, Whitecap was still able to realize a strong operating netback of $37.53/boe in the quarter. In addition, we were able to achieve slightly higher production levels than anticipated at 13,559 boe/d while spending less development capital than initially contemplated.
Dur…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…