Whitecap Resources Inc T.WCP

Alternate Symbol(s): SPGYF

Energy Oil & Gas E&P

Whitecap Resources Inc. is an oil-weighted growth company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its core areas include the West Division and East Division. Its West Division is comprised of three regions: Smoky, Kaybob and Peace River Arch (PRA). The properties in its Smoky region include Kakwa and Resthaven, all located in Northwest Alberta. The primary reservoir being developed is the Montney resource play, mainly comprised of condensate-rich natural gas. Kaybob is located in the Fox Creek region of Northwest Alberta. The primary reservoir being developed is the Duvernay resource play, mainly comprised of condensate-rich natural gas. The PRA is its original asset area. Its East Division is comprised of four regions: Central AB, West Sask, East Sask and Weyburn. Its Central Alberta region represents the bulk of its Cardium and liquids-rich Mannville assets.

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Whitecap Resources Inc > Thumbs up from Motley Fool today

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Comment by barneyj44on Apr 26, 2023 5:44pm

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Post# 35415706

RE:RE:Thumbs up from Motley Fool today

Yes Tollycraft as from the press release

Early in the first quarter we began actively re-allocating capital and production additions to focus more on our assets that generate a stronger netback at current price levels. We spud a total of 69 (60.8 net) wells during the first quarter, 50 (46.0 net) wells in the oil prone areas in Saskatchewan, 13 (10.6 net) wells in Central Alberta, and 6 (4.2 net) wells in Northern Alberta.

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