Your Portal for Key Energy Information and Research

Whitecap Resources

Company Summary

Description

Whitecap Resources Inc. is a dividend paying, oil-weighted company focused on providing sustainable monthly dividends to its shareholders and per share growth through a combination of accretive oil-based acquisitions and organic growth on existing and acquired assets. Whitecap's common shares are traded on the Toronto Stock Exchange under the symbol WCP.

Website

http://www.wcap.ca/

Recent news

  • 3/1/2024 - Whitecap Resources... (subscriber access)
  • 7/27/2023 - Whitecap Resources... (subscriber access)
  • 6/20/2023 - Whitecap Resources Faces... (subscriber access)
  • 5/24/2023 - Whitecap Recieves... (subscriber access)
  • 5/18/2023 - Whitecap Reports 26... (subscriber access)

Company Transactions

Date: 9/30/2022
Type: Acquisition

BUYERS:
  • Whitecap Resources
    • SELLERS:
  • ExxonMobil Corporation
    • DETAILS:

    COST: 1.9 $B

    VOLUMES: 32 MBOE/d

    ACRES: 639000 Acres

    NOTES:
    Whitecap Resources has signed a deal with ExxonMobil to acquire XTO Energy Canada for a total cash consideration of $1.9 billion, with the net purchase price totaling $1.7 billion. The deal will close before the end of 3Q22.
    REGIONS:
  • Montney Formation
  • Duvernay Formation

    • Date: 10/31/2021
    Type: Acquisition

    BUYERS:
  • Topaz Energy Corp.
    • SELLERS:
  • Whitecap Resources
    • DETAILS:

    COST: 188 $MM

    NOTES:
    Whitecap Resources has entered into an agreement with Topaz Energy Corp. to sell a 5% gross overriding royalty interest in their Weyburn CO2 unit for $188 million. Closing will occur in October 2021 and Whitecap retains a 65.3% working interest in the asset.

    Date: 10/28/2021
    Type: Acquisition

    BUYERS:
  • Whitecap Resources
    • DETAILS:

    COST: 67 $MM

    VOLUMES: 1.6 MBOE/d

    NOTES:
    Whitecap Resources has closed on the acquisition of a private company in SE Saskatchewan for $67 million, adding +1.6 Mboe/d in production and 23 net sections of land via the deal.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 5/31/2021
    Type: Acquisition

    BUYERS:
  • Whitecap Resources
    • SELLERS:
  • Kicking Horse Oil & Gas Ltd.
  • Quantum Energy Partners
    • DETAILS:

    COST: 300 $MM

    VOLUMES: 8 MBOE/d

    ACRES: 38400 Acres

    NOTES:
    Whitecap Resources has reached a deal to acquire Kicking Horse Oil and Gas from Quantum Energy Partners for $300 million. The deal includes 34.5 million shares of common stock, $56 million in cash and the assumption of $54 million in debt.
    REGIONS:
  • Montney Formation

    • Date: 1/4/2021
    Type: Acquisition

    BUYERS:
  • Whitecap Resources
    • SELLERS:
  • NAL Resources Limited
  • Manulife Financial Corporation
    • DETAILS:

    COST: 155 $MM

    VOLUMES: 27 MBOE/d

    NOTES:
    Whitecap Resources has entered into a $155 million all-stock transaction to combine with privately owned NAL Resources Limited, a subsidiary of Manulife Financial Corporation. Whitecap will issue Manulife 58.3 million common shares in exchange for all NAL shares, with closing targeted on January 4, 2021.
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 12/15/2017
    Type: Acquisition

    BUYERS:
  • Whitecap Resources
    • SELLERS:
  • Cenovus Energy Inc.
    • DETAILS:

    COST: 940 $MM

    VOLUMES: 11.5 MBOE/d

    NOTES:
    Cenovus has entered into an agreement to divest its Weyburn CO2 recovery operation in Saskatchewan to Whitecap Resources.
    REGIONS:
  • Saskatchewan

    • Date: 5/10/2016
    Type: Acquisition

    BUYERS:
  • Whitecap Resources
    • SELLERS:
  • Husky Energy Inc
    • DETAILS:

    COST: 595 $MM

    VOLUMES: 11.6 MBOE/d

    REGIONS:
  • Saskatchewan