Whitecap Resources Advances with Strategic Sales and Expansion
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Whitecap Resources Advances with Strategic Sales and Expansion

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.

For further insights into TSE:WCP stock, check out TipRanks’ Stock Analysis page.

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