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Whitecap Touts Viking Success in Q3; Outlines 2014 CapEx
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Whitecap Resources Ltd. has reported production and funds from operations in the third quarter of 2013.
During the quarter our activities focused primarily on the efficient execution of our capital program and the integration of our complementary property acquisitions completed in the quarter. Our third quarter average production of 21,448 boe/d and capital spending of $65.5 million exceeded our forecasted capital efficiency expectations. We realized an operating netback of $45.21/boe and a cash flow netback of $41.72/boe which is a direct result of our team’s attention to minimizing costs and maximizing the realized price on our production.
During the quarter we were 100% successful with the drilling of 35 (27.0 net) horizontal oil wells. We drilled 21 (15.7 net) horizontal Viking oil…
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