Operator · Cardium Shale & Montney Shale
Whitecap Resources Inc.
44 articles mentioning Whitecap Resources Inc. · Page 1 of 3
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. Management highlighted seamless integration progress, early synergy capture,...
Whitecap Resources Inks MOU for Carbon Capture Storage
Whitecap Resources Inc. has signed a memorandum of understanding (MOU) with Federated Co-operatives Limited (FCL) to use Whitecap’s expertise in carbon capture utilization and storage (“CCUS”) to assist FCL in achieving their emissions targets in Saskatchewan....
Whitecap Resources Unveils 2022 Budget; Up 12% vs. 2021
Whitecap Resources Inc. has unveiled its 2022 budget, an accelerated fourth quarter 2021 capital program and 38% increase to its dividend. The company plans to spend 12% more vs. 2021 (midpoint). Production is slated to grow...
Whitecap Resources Ups 2021 Production Outlook After NAL, TORC Deals
Whitecap Resources Inc. has updated its 2021 capital program, increasing its 2021 production guidance with no change to the capital program, resulting in increased free funds flow. Increased Production Outlook As a result of our better...
Whitecap Finalizes Acquisition of NAL Resources
Whitecap Resources Inc. has completed the previously announced strategic combination with NAL Resources Limited, whose asset portfolio is prospective for the Cardium and Canadian Bakken. The all-stock deal is valued at $155 million. Whitecap issued approximately...
Whitecap Resources Lowers Budget 44% to $205MM
Whitecap Resources Inc. has reported changes to its 2020 capital plan. Whitecap has reduced its 2020 capital program to $200 – $210 million from $350 – $370 million previously, a reduction of approximately $160 million or...
2020 Canadian E&P Capex, Well Count Tracker By Company; Down 10% Y/Y
Canadian E&Ps have begun to provide guidance on 2020 programs. We started the US E&P 2020 CapEx Tracker, now we are adding the Canada E&P 2020 Capex Tracker. Last updated : 2/5/2020 As you can see...
Whitecap IDs 2020 Budget; Cuts Cardium, Viking Spending in Favor of Waterflood
Whitecap Resources Inc. has detailed its 2020 capital plan. Whitecap has approved a 2020 capital budget of $360 - $380 million which is expected to deliver average production of 71,000 – 72,000 boe/d, similar to the...
Whitecap Resources Details Q3 2019 Results
Whitecap Resources Inc. has reported its Q3 2019 results. Shareholder Message Whitecap has shown continued strength on its operating and financial results in the third quarter of 2019, delivering average production volumes of 68,255 boe/d on...
Whitecap Cuts 2019 Capex by $50 Million; Production Guidance Unchanged
Whitecap Resources Inc. announced that it is reducing its 2019 second half capital expenditures program by 17% to $250 million from $300 million. Full year 2019 capital expenditure program is now anticipated to be $400 million...
Whitecap Reports Q2 2019 Results; Preps for 'Very Active' 2H19
Whitecap Resources Inc. eported its Q2 2019 results. 2H 2019 Outlook - Activity Ramp Up With the first half of 2019 behind us, we are now getting started on a very active capital program for the...
Whitecap Talks Q1 2019 Results
Whitecap Resources Inc. detailed its Q1 2019 results. Highlights: Financial ($000s except per share amounts) Three months ended March 31 2019 2018 Petroleum and natural gas revenues 343,239 368,050 Net loss (52,561) (7,755) Basic ($/share) (0.13)...
Whitecap Spending Up YOY for 2019 Despite 'Conservative' Approach
Whitecap Resources Inc. detailed its 2019 capital plans. Like many companies, Whitecap is taking a conservative approach to 2019 due to oil price volatility and will adjust spending further if necessary. The company commented: "With the...
Whitecap Hits Record Output in Q2 at 76 MBOEPD; Improves Well Cost
Whitecap Resources reported its Q2 2018 results. Highlights: - Achieved record average production of 75,813 boe/d - up +35% YOY Whitecap’s oil and NGLs weighting continued to increase with Q2/18 at 85% compared to 83% in...
Whitecap Hits 18% Production Growth in Q3; IDs Preliminary 2018 Capex
Whitecap Resources reported its Q3 2017 results. Highlights: Average production for the quarter increased by 18% (17% per share) to 57,898 boe/d (82% oil and NGLs) compared to 49,251 boe/d (79% oil and NGLs) in Q3/16....
Whitecap 64 Well Drilling Program Unchanged; Complete DUCs
Whitecap currently has 4 drilling rigs operational; 2 in west central Saskatchewan, 1 in southwest Saskatchewan and 1 in the Deep Basin area of Alberta. We anticipate drilling 64 (51.6 net) wells in 2H/17 including 34...
Whitecap Touts +39% Production Increase in Q2; Drills 40 Wells
Whitecap Resources reported its Q2 2017 results. Highlights include: Production Up 39% YOY: Average production in Q2/17 increased 39% (21% per share) to 56,266 boe/d compared to 40,388 boe/d in Q2/16. Drilling Activity: Invested $67.7 million...
Viking, Cardium E&P to Spend 71% More in 2017; Drill 187 Wells
The company plans to spend...
Whitecap Increases Production 12% Over Year
Increased production 12% to record 43,024 boe/d in Q1/2016, drilled 24 wells in Q1.
Viking, Cardium E&P Ups Capex Over 100%; Plans 47 More Wells
The company an increase to its 2016 capital program by $78 million to $148 million from the previous guidance of $70 million.