Whitecap Resources Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Grant Bradley Fagerheim
- Full Time Employees
- 567
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- Eighth Avenue Place, East Tower Calgary AB Canada T2P 1G1
- IPO Date
- Jan 2, 2008
- Website
- wcap.ca
- Similar Companies
- Business
- Whitecap Resources Inc. is a Canadian energy company engaged in the acquisition, development, and production of petroleum and natural gas properties primarily in the Western Canadian Sedimentary Basin, including Alberta, Saskatchewan, and British Columbia. The company focuses on oil-weighted assets, specializing in light, sweet crude oil, natural gas, and condensate-rich natural gas from key resource plays such as the Montney and Duvernay formations. Its core operations are divided into West and East Divisions, with strategic areas including Smoky, Kaybob, Peace River Arch, Central Alberta, West and East Saskatchewan, and Weyburn. Whitecap employs horizontal drilling and multistage fracturing technologies to maximize resource recovery and operates a diversified portfolio of oil and gas assets with a strong emphasis on long-life, low-decline production. Founded in 2009 and headquartered in Calgary, Alberta, Whitecap has developed into a leading Canadian oil and natural gas producer. The company notably completed a major strategic combination with Veren Inc. in May 2025 valued at approximately $15 billion, making it the seventh largest oil and natural gas producer and the fifth largest natural gas producer in Canada. This acquisition significantly expanded Whitecap’s landholdings, particularly in Alberta’s Montney and Duvernay plays, and enhanced its position as a prominent light oil producer in Saskatchewan. Following the Veren combination, Whitecap announced integration plans to leverage operational synergies estimated at $200 million within 6 to 12 months, targeting operational cost reductions and improved capital efficiencies. Additionally, Whitecap maintains a strong financial position supported by a new $3 billion unsecured credit facility and continues to focus on sustainable production growth and shareholder returns. Whitecap’s main products and services comprise oil and natural gas exploration and production, targeting condensate-rich natural gas and light crude oil, with active development of multi-reservoir assets including Cardium and Mannville formations in its East Division and significant Montney and Duvernay resources in its West Division. The company sells its production to a variety of customers in Canada, focusing on delivering reliable returns through disciplined capital allocation, operational excellence, and strategic acquisitions. Overall, Whitecap Resources Inc. operates as a leading oil-weighted growth company in the Canadian energy sector with a diversified asset base, advanced technical capabilities, and a focus on long-term value creation through strategic acquisitions, operational improvements, and sustainable dividend payments to shareholders.
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