CALGARY,
AB, May 17, 2023 /CNW/ - Whitecap Resources
Inc. ("Whitecap" or the "Company") (TSX: WCP) advises that
wildfires in Alberta have
continued to impact operations in northern Alberta and in northeast British Columbia. The safety and health of our
employees and contractors continues to be our top priority and
there has been no significant damage to Whitecap's infrastructure
or safety incidents at this time.
Whitecap along with our employees will be financially supporting
the Canadian Red Cross to assist with their work helping families
impacted by the wildfires. We expect to direct additional resources
towards impacted communities as specific needs arise over the
coming months. We would also like to acknowledge the tireless
efforts of the first responders and the emergency response agencies
as well as the tremendous job our field personnel are doing to stay
on top of this rapidly changing environment.
Currently, approximately 26,000 boe/d is shut-in and over the
last two weeks this has fluctuated between 12,000 boe/d and 40,000
boe/d shut-in at any given time. We will continue to monitor the
situation closely and provide additional updates as more
information becomes available, including when we bring our
production back to full capacity. Given the dynamic nature of the
situation, we are not providing updated guidance at this time.
About Whitecap
Whitecap Resources Inc. is an
oil-weighted growth company that pays a monthly cash dividend to
its shareholders. Our business is focused on profitable production
growth combined with sustainable dividends to shareholders. Our
objective is to fully fund our capital expenditures and dividend
payments within funds flow. For further information about
Whitecap, please visit our website at www.wcap.ca.
SOURCE Whitecap Resources Inc.