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

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Post by retiredcfon Jun 30, 2022 6:51am

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Post# 34792926

BNN Coverage of Acquisition

Whitecap Resources buying XTO Energy Canada for $1.9B

Imperial Oil Ltd. says it and ExxonMobil Canada have entered into an agreement to sell the Montney and Duvernay oil and gas-producing areas of central Alberta to Whitecap Resources Inc. for $1.9 billion. Imperial and ExxonMobil Canada each own 50 per cent of XTO Energy Canada, which includes assets in the liquids-rich Montney and Duvernay resource plays. Imperial's share of the proceeds is $940 million. BNN Bloomberg's Tara Weber reports.

https://www.bnnbloomberg.ca/video/whitecap-resources-buying-xto-energy-canada-for-1-9b~2475588

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