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Whitecap Resources

#2855

Rank

$4.76B

Marketcap

CA Canada

Country

Whitecap Resources
Leadership team

Mr. Grant Bradley Fagerheim (Pres, CEO & Director)

Mr. Thanh C. Kang (Sr. VP & CFO)

Mr. Joel M. Armstrong (Sr. VP of Production & Operations)

Products/ Services
Energy, Natural Resources, Oil and Gas, Renewable Energy
Number of Employees
100 - 500
Headquarters
Calgary, Alberta, Canada
Established
2009
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
WCP.TO
Social Media
Overview
Location
Summary
Whitecap Resources Inc., oil and gas company, acquires and develops petroleum and natural gas properties in Canada. Its principal properties are located in West Central Alberta, British Columbia, Southeast Saskatchewan, West Central Saskatchewan, and Southwest Saskatchewan. As of February 14, 2022, it had a total proved plus probable reserves of 701,829 thousand barrels of oil equivalent. Whitecap Resources Inc. is headquartered in Calgary, Canada.
History

Whitecap Resources was founded in 2009. Its daily production grew rapidly in the following years, from 275 barrels of energy per day in 2009 to 14,052 in 2012. In 2012, it acquired Midway Energy, another Alberta light oil producer, for $550 million. In 2016, Whitecap bought some of Husky Energy's oil assets in Southwest Saskatchewan for $595 million.In 2017, Brad Wall, then-premier of Saskatchewan, invited Whitecap to move to that province, citing lower taxes and subsidized relocation costs. The company CEO, Grant Fagerheim, said that it was considering the offer, but would only move if it benefited shareholders.In November 2017, Whitecap purchased a 62% interest in the Weyburn oil project in Saskatchewan for $940 million from Cenovus Energy. The deal was expected to increase Whitecap's oil production by 25%.

Mission
Our mission is to create and maintain high quality, profitable and sustainable operations that deliver long-term value and returns for our shareholders.
Vision
Our vision is to be an industry leader in delivering shareholder value through a diverse portfolio of high-quality oil and gas assets and a focus on responsible operations.
Key Team

Mr. David M. Mombourquette (Sr. VP of Bus. Devel. & IT)

Mr. Darin Roy Dunlop (Sr. VP of Engineering)

Mr. Andrew Bullock (VP of Exploration & Geosciences)

Mr. Jeffrey Byron Zdunich (VP of Fin. & Controller)

Recognition and Awards
Whitecap has been consistently recognized for our commitment to corporate citizenship, earning industry accolades such as Canada’s Safest Employer and Canada’s Greenest Employer of the Year. We are also proud to be a multiple winner of the Gold Corporate Culture Award for our employee-focused initiatives.
References
Whitecap Resources
Leadership team

Mr. Grant Bradley Fagerheim (Pres, CEO & Director)

Mr. Thanh C. Kang (Sr. VP & CFO)

Mr. Joel M. Armstrong (Sr. VP of Production & Operations)

Products/ Services
Energy, Natural Resources, Oil and Gas, Renewable Energy
Number of Employees
100 - 500
Headquarters
Calgary, Alberta, Canada
Established
2009
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
WCP.TO
Social Media