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WHITECAP RESOURCES INC. ANNOUNCES PARTIAL INFRASTRUCTURE DISPOSITIONS FOR $520 MILLION, FID ON NEW LATOR FACILITY AND STRATEGIC PARTNERSHIP WITH PEMBINA GAS INFRASTRUCTURE

Newswire.ca - Tue Jul 2, 6:00AM CDT

CALGARY, AB, July 2, 2024 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce a 50% working interest sale of our Musreau 05-09 facility (the "Musreau Facility") to Topaz Energy Corp ("Topaz") for gross proceeds of $100 million. Whitecap also announces a strategic infrastructure partnership with Pembina Gas Infrastructure ("PGI") which includes a 50% working interest sale of our 15-07 Kaybob Complex (the "Kaybob Complex") and funding of Whitecap's Montney facility at Lator (the "Lator Facility") for gross proceeds of $420 million.

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