AB Producer of the Week – Whitecap Resources Inc.

February 25th, 2014 by

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An oil and gas development and production company, Whitecap owns oil-producing assets located on a handful of properties in western Canada. Its core assets include Valhalla North in the Peace River Arch area of northwestern Alberta and Pembina in west central Alberta; other assets are located in southern and west central Saskatchewan.  The company went public upon completing a reverse takeover of Spitfire Energy. The takeover and other acquisitions, such as that of Compass Petroleum and Spry Energy in 2011, have contributed to the company’s rapid growth in recent years. The addition of Spry Energy and Compass’ oil assets drove Whitecap’s daily production up nearly 300% in 2011 from 2010 levels. Likewise, the company’s revenues spiked during that time from $26 million to $137 million, fueled by increased production and higher realized prices for crude oil and NGLs.

Whitecap Resources Recent News

#Whitecap Resources Inc. announces the results of its 2013 year-end oil and gas reserves evaluation, a 51% increase over year-end 2012 reserves.

WHITECAP RESOURCES INC. CLOSES VIKING LIGHT OIL ACQUISITION AND PROVIDES Q1 2014 OUTLOOK

Whitecap Resources Inc. announces increase to credit facilities, provides operational update and increases 2013 guidance

Whitecap Resources Management Team Members

  • Grant B. Fagerheim – President and CEO
  • Joel M. Armstrong – VP Production & Operation
  • Daniel J. Christensen – VP Exploration
  • Darin R. Dunlop – VP Engineering
  • Thanh C. Kang – VP Finance & CFO
  • P. Gary Lebsack – VP Land
  • David M. Mombourquette – VP Business Development

Whitecap Resources Fields Most Active 2013 – Pembina, Garrington 

Active Fields

Whitecap Resources Terminating Zones Most Active 2013 – Cardium, Belly RiverTerm Zone

Whitecap Resources Map of Drilling Locations Map

Whitecap Resources Drilling Activity Summary  Drilling Activity

 

 

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