Whitecap Resources Inc. Announces operating guidance for the year of 2023. For the year, the company expected production guidance of 170,000 boe/d – 172,000 boe/d resulting in significant free funds flow for elevated shareholder returns in 2023. 2023 production guidance includes 91,000 bbl/d – 92,000 bbl/d of oil, 18,000 bbl/d – 19,000 bbl/d of NGLs, and 360,000 Mcf/d – 370,000 Mcf/d of natural gas, which allows to capture upside across the various commodities.

natural gas portfolio has increased six-fold from approximately 60,000 Mcf/d in Q4/2020 and is currently exposed to AECO pricing with approximately 60% of physical volumes under contract to end users.