Whitecap Slips into Black on Better Prices, Boosts Carbon Reduction Targets

Whitecap Resources Inc. scored a financial comeback in the first six months of this year while also taking steps to further reduce greenhouse gas (GHG) emissions.

Following a series of acquisitions of smaller companies, Whitecap oil production grew to 72,475 b/d in first-half 2021 from 55,349 b/d a year earlier. Natural gas rose to 140.9MMcf/ from 69.5 MMcf/d. Liquid byproducts doubled to 10,413 b/d from 5,183 b/d.

On the environmental front, Whitecap is the current majority owner and operator of a southern Saskatchewan oilfield, Weyburn, which pioneered carbon capture, utilization and storage (CCUS) in Canada. Whitecap lays claim to the world’s biggest commercial use to date of the GHG disposal system.

At Weyburn, carbon dioxide from coal power and gasification plants in...