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Whitecap Resources Inc
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June 2015 Corporate Presentation
| Grant Fagerheim | Page 4 of 11 |
November 23, 2024
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"June 2015 Corporate Presentation"
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Long Term HZ Drilling and Waterflood Resource • Original vertical development from 1981 - 1986 • Waterflooded from 1986 - 2005 in sections (% of pool) • Beaumont purchased in Dec 2012 • Drilled 229 Hz producers 2013 - 2015 • Increased production from 690 to 5,100 boe/d • Re-established waterflood with 122 injectors in 17 sections (22%) • Current injection 12,000 bwpd, increasing to 20,000 bwpd • Beaumont – 5,100 boe/d (97% oil + NGLs), 31.7 MMboe P+P – 27 Hz producers, 2 oil batteries, pipeline connected – 715 (700 net) Hz locations – Contiguous land base of 70+ sections – Close proximity to WCP Lucky Hills and Eagle Lake • Waterflood quantified and derisked – 17 sections being flooded, 122 injectors – Total of 37 approved for waterflood – ~20,000 bwpd being injected – Analog pools recovery to date 1-17% • Gross OOIP 68 MMbbls (670 MMbbls net) – Current RF = .% – Possible oil RF (3) = 1% ? 65.7 MMbbls (6.3 MMbbls net) upside Early Hz Response Character & Timing Similar to Vertical Flood