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Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

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.


TSX:WCP - Post by User

Post by Owlseye1on Jul 06, 2023 11:23am
189 Views
Post# 35529239

Big draws! 2.5 mill gas barrels.

Big draws! 2.5 mill gas barrels.U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.5 million barrels from the previous week. At 452.2 million barrels, U.S. crude oil inventories are approximately 1% below the five year average for this time of year. Total motor gasoline inventories decreased by 2.5 million barrels from last week and are about 7% below the five year average for this time of year. Finished gasoline and blending components inventories each decreased last week. Distillate fuel inventories decreased by 1.0 million barrels last week and are about 16% below the five year average for this time of year. Propane/propylene inventories increased 1.6 million barrels from last week and are 26% above the five year average for this time of year. Total commercial petroleum inventories decreased by 2.8 million barrels last week.
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