Whitecap Resources Inc. reported production in the fourth quarter of 2014 of 37,600 boe/d (74% oil and NGLs) and a 2014 exit rate of 37,000 boe/d. Average production volumes in the fourth quarter were 850 boe/d higher than the initial forecast of 36,750 boe/d, providing a strong and stable base production platform heading into 2015.

For the year 2014, the company reported capital expenditures of $1,516,853,000 compared to $618,780,000 a year ago.

For the year 2015, the company expects average production of 36,000 boe/d compared to 37,500 boe/d expected previously. Funds from operations are expected to be $404 MM compared to $461 MM expected previously.