Whitecap Resources (TSE:WCP) has released an update.
Whitecap Resources Inc. has strategically sold a 50% working interest in two key facilities, the Musreau 05-09 and 15-07 Kaybob Complex, for a combined $520 million to Topaz Energy Corp and Pembina Gas Infrastructure. These transactions will fund the development of Whitecap’s new Lator Facility in the Montney region, signaling a significant expansion with up to 450 new drilling locations planned. The company is set to increase its production capacity and improve netbacks through enhanced processing and marketing agreements.
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