10:06 AM EST - Whitecap Resources Inc. : Provides an operational update for the fourth quarter of 2024. Our fourth-quarter production is now forecast to average approximately 175,500 boe/d (65% liquids) compared to our previous guidance of 170,000 boe/d based on 2024 average production guidance of 172,500 boe/d. Full year production is expected to average 174,000 boe/d which is 9,000 boe/d, or 5% above our original budget of 162,000 – 168,000 boe/d that was set in October 2023. Our annual production per share growth2 in 2024 is expected to be 13%, significantly above our targeted 3% – 8% annually. Operational outperformance has been driven by new wells exceeding type curve expectations, base production optimizations, timing of production adds, and lower than forecasted downtime. Whitecap Resources Inc.
shares T.WCP are trading up $0.02 at $9.81.
