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Whitecap Touts Better than Expected Well Results in 4Q
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Whitecap Resources Inc. reported its operating and audited financial results for the year ended December 31, 2015.
Our Q4/2015 drilling program included 40 (37.4 net) horizontal oil wells including 34 (31.4 net) Viking wells in west central Saskatchewan, 3 (3.0 net) Dunvegan wells in the Deep Basin area of western Alberta, and 3 (3.0 net) Boundary Lake horizontal wells in northeast British Columbia. The Boundary Lake wells are the first horizontal wells drilled in the pool as the asset was historically developed with vertical wells and the results to date have been better than we had projected.
Whitecap's Boundary Lake drilling program results continue to exceed our budget expectations. As disclosed in our February 23, 2016 news release the average IP(30) rates on the 3 wells drilled in…
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