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279:, as opposed to heavy oil or natural gas. It generally focuses on oil development and production instead of exploration. It has properties in northwest Alberta & B.C., central Alberta, and Saskatchewan with 2019 production guidance of 70,000 - 72,000 barrels of energy per day. As of 2019, Whitecap has identified 2,827 gross drilling locations (8 to 10 years of inventory) with 1,568 proved plus probable.
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Whitecap
Resources was founded in 2009. Its daily production grew rapidly in the following years, from 275 barrels of energy per day in 2009 to 14,052 in 2012. In 2012, it acquired Midway Energy, another Alberta light oil producer, for $ 550 million. In 2016, Whitecap bought some of
256:, then-premier of Saskatchewan, invited Whitecap to move to that province, citing lower taxes and subsidized relocation costs. The company CEO, Grant Fagerheim, said that it was considering the offer, but would only move if it benefited shareholders.
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Whitecap's strategy is to deliver 10% to 15%/annum dividend + growth through balance sheet strength, sustainable dividends and moderate growth.
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article, the
Whitecap project is very similar but much larger than the Enhance Energy project that is part of the
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228:, Alberta, with operations in Alberta, Saskatchewan, and British Columbia. In 2018, it produced 74,415
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516:"You've heard of net zero? These oil companies say they've reached 'net-negative' carbon emissions"
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per day, with 85% of production consisting of crude oil and other liquids. It is listed on the
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375:"Whitecap Resources is focused on oil production – but not exploration - Alberta Oil Magazine"
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326:, at that time the Weyburn carbon monitoring and storage project was the world's largest
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428:"Whitecap Resources strikes deal to buy Husky oil assets for $ 595 million"
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267:. The deal was expected to increase Whitecap's oil production by 25%.
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457:"Brad Wall invites Calgary energy companies to move to Saskatchewan"
485:"Cenovus selling majority stake in Weyburn oil project | CBC News"
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Canadian
Calgary, Alberta-based public oil company founded in 2009
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In
November 2017, Whitecap purchased a 62% interest in the
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In
November 2017, Whitecap purchased a 62% interest in the
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355:"Whitecap Resources 2020 Consolidated Balance Sheet"
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540:Casey, Allan (January 2008). "Carbon Cemetery".
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562:Companies listed on the Toronto Stock Exchange
401:"Whitecap Resources to acquire Midway Energy"
275:Whitecap Resources primarily produces light,
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224:is a Canadian public oil company based in
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514:Bakx, Kyle (January 25, 2021).
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542:Canadian Geographic Magazine
426:Dan Healing (May 10, 2016).
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108:Grant Fagerheim (President,
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328:carbon capture and storage
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286:Carbon sequestration
432:Winnipeg Free Press
407:. February 28, 2012
313:Weyburn oil project
261:Weyburn oil project
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405:The Globe and Mail
222:Whitecap Resources
151:CA$ –1,845 million
22:Whitecap Resources
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230:barrels of energy
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195:CA$ 1,000 million
173:CA$ 3,381 million
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381:. June 26, 2013
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494:February 27,
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296:Whitecap's
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247:Husky Energy
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184:Total equity
162:Total assets
86:Headquarters
36:Company type
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525:January 25,
129:923 million
72:Oil and Gas
556:Categories
334:References
271:Operations
140:Net income
104:Key people
330:project.
254:Brad Wall
252:In 2017,
93:, Alberta
48:Traded as
520:CBC News
461:CBC News
302:CBC News
68:Industry
240:History
226:Calgary
204:Website
117:Revenue
91:Calgary
78:Founded
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198:(2020)
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154:(2020)
132:(2020)
97:Canada
40:Public
358:(PDF)
211:.wcap
527:2021
496:2018
468:2018
440:2018
413:2018
387:2018
127:CA$
81:2009
489:CBC
213:.ca
209:www
58:WCP
54:TSX
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.