Whitecap employs a strategy of acquiring sustainable assets with large Discovered Petroleum Initially In Place ("DPIIP") and low current recovery factors and moving them through the development chain by converting contingent resources → probable reserves → proven reserves → producing reserves (cash flow). Since inception in September 2009, Whitecap has aggregated a significant light oil resource base which provides a solid foundation for continued growth and results on a per share basis.
Our portfolio of assets has stable production and low base declines which provide our shareholders with a predictable cash flow stream for monthly dividend payments and the large resource in place allows us to grow on a per share basis.
To learn more about our assets,
click on the icon on each area on the map below:
Boundary Lake
Our Boundary Lake property is located primarily in northeast British Columbia on the Alberta/British Columbia border, just east of Fort St. John.
Deep Basin
Our Deep Basin properties, which include Karr, Simonette, Kakwa, Elmworth and Wapiti, are located southwest of Grande Prairie, Alberta.
Southwest Saskatchewan
Our Southwest Saskatchewan assets are concentrated west of Swift Current, Saskatchewan and are characterized by predictable low base decline, medium crude oil (21° API) production.
Weyburn Unit
Our Weyburn property is located in southeast Saskatchewan. The primary reservoirs being developed are the Midale and Frobisher.