Company Share Reserves | ||||||
---|---|---|---|---|---|---|
Description | Light & Medium Oil (Mbbl) |
Tight Crude Oil (Mbbl) |
Conventional Natural Gas (MMcf) |
Shale Gas (MMcf) |
Natural Gas Liquids (Mbbl) |
Total (Mboe) |
Proved developed producing Proved developed non-producing Proved undeveloped |
222,980 3,676 115,735 |
294 - 10,197 |
344,425 4,194 148,408 |
60,039 18,377 218,424 |
29,607 2,022 29,107 |
320,291 9,460 216,178 |
Total Proved Probable |
342,392 124,403 |
10,490 8,796 |
497,027 204,802 |
296,840 159,771 |
60,736 29,219 |
545,930 223,180 |
Total Proved plus Probable | 466,796 | 19,286 | 701,829 | 456,611 | 89,955 | 769,110 |
|
Before Tax Net Present Value ($MM) (1) Discount Rate | ||||
---|---|---|---|---|---|
Description | 0% | 5% | 10% | 15% | 20% |
Proved developed producing Proved developed non-producing Proved Undeveloped |
6,506 269 4,436 |
5,639 212 2,804 |
4,686 176 1,877 |
4,011 151 1,308 |
3,532 132 937 |
Total proved Probable |
11,210 7,850 |
8,655 4,291 |
6,738 2,796 |
5,469 2,011 |
4,601 1,540 |
Total proved plus probable | 19,061 | 12,946 | 9,534 | 7,481 | 6,141 |
(1) Includes abandonment and reclamation costs as defined in NI 51-101 for all of our facilities, pipelines and wells including those without reserves assigned.
RECYCLE RATIO is a key measure of profitability in the oil and gas industry. The ratio is calculated by dividing the profit per barrel of oil by the cost of finding and developing the barrel of oil. Whitecap focuses on PDP recycle ratio as this reflects whether we are generating sufficient cashflow to replace the barrels we are producing, and therefore can grow economically through internally generated cashflow.
Click here for full details and disclaimers on our 2021 year end reserves