Whitecap Resources Inc. Announces Production Results for the Fourth Quarter and Capital Expenditures for the Full Year of 2014; Revised Operating and Funds Flow Guidance for the Year 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.