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CS - Whitecap drilling program focused on Saskatchewan in Q1 - May 2019
Western Canadian producer Whitecap Resources spent $124.9 million to drill 56 wells in Q1, mostly within its core west-central and southwest Saskatchewan positions. Average production for Q1 was down 3% sequentially to 70,666 boe/d but higher than its forecast of 69,000 boe/d. The company said it expects to achieve its 2019 production guidance of 70,000-72,000 boe/d based on a capex of $425-475 million. The company drilled 23 Viking horizontal wells in west-central Saskatchewan, including two water injection wells in Kerrobert. The company......
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