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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 MyHoneyPoton Apr 26, 2024 10:12am
142 Views
Post# 36009211

Production higher than 175,000 boe/day end of Q1

Production higher than 175,000 boe/day end of Q1WCP said their their Production average 175,000 for the month of March. 

Musreau came on on March 15, and there is a second 4 well pad that came on in early april. 

With the significant  performance gains on the Montney and Durvernay wells, I expect WCP exited Q3 at a much higher number thant 175,000 boe/day. 

So they are well setup with all that drilling to outperform in the second quarter with significantly less Capex, also the price of Oil has been strong in march. 

I think this was a transformation quarter, as they their production significantly increase, and really they will likely have room to drill a few extra wells, or accelerate that well at Lator. 

WCP had a fantastic quarter with a lot of near end quarter events adding some big well that will be reflected  in Q2 produciton numbers. 

IMHO
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