Exploration & Production | Drilling / Well Results | Top Story | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Whitecap Touts Active 4Q; Brings On 65 Viking, Cardium Wells
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Whitecap Resources Inc. has reported its fourth quarter and year-end 2013 results.
2013 Accomplishments: Achieved record average annual production of 19,769 (69% oil and NGLs) compared to 14,052 boe/d (68% oil and NGLs) in 2012, an increase of 41% on an absolute basis and 7% on a fully diluted share basis. Generated annual funds from operations of $278.8 million ( $1.84 per fully diluted share) compared to $193.9 million ( $1.68 per fully diluted share) in 2012, an increase of 44% on an absolute basis and 10% on a fully diluted share basis. Increased proved plus probable reserves by 51% to 132.5 MMboe (71% oil and NGLs) and proved reserves by 55% to 94.6 MMboe (72% oil and NGLs). On a fully diluted share basis increased proved plus probable reserves by 16% and proved reserves by…- ✓ Full news archive — U.S., Canada & international coverage
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