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Whitecap touts carbon capture growth opportunities, reports Q1 record production - Medicine Hat NewsMedicine Hat News

Whitecap touts carbon capture growth opportunities, reports Q1 record production - Medicine Hat NewsMedicine Hat News
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Whitecap Resources posts higher first-quarter earnings on record oil and gas output

Whitecap touts carbon capture growth opportunities, reports Q1 record production

A pumpjack is silhouetted against the setting sun in Oklahoma City, March 22, 2012. Whitecap Resources Inc. is pleased to report on our very strong first quarter financial and operating results with record production of 95,828 boe/d, 5% higher than our original forecast of 90,000 – 92,000 boe/d on capital investments of $119 million, which was 7% lower than our forecast of $125 - $130 million. THE CANADIAN PRESS/AP-Sue Ogrocki CALGARY The CEO of Whitecap Resources Inc. says his company is working to expand its ability to capture, store and use carbon dioxide to enhance oil recovery in spite of Ottawa s decision to exclude such projects from proposed investment tax credits in its recent budget.

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