Whitecap Resources Inc. announced drilling plan for the first quarter of 2021. The first quarter capital program consists of drilling 56 (45.9 net) horizontal wells including 39 (33.6 net) extended reach horizontal ("ERH") wells and 2 (1.4 net) horizontal injection wells. In addition to drill, complete, equip and tie-in costs, it will be investing approximately $14 million on enhanced oil recovery ("EOR") operations and optimizations as well as health, safety, and environmental initiatives in the first quarter. This continued focus on enhancing base assets through EOR capital will allow the company to maintain, and potentially improve upon, low base production decline rate anticipated to be approximately 17% for 2021. In the first quarter, the company anticipates drilling a total of 10 (7.0 net) oil wells in this business unit including 6 (3.5 net) Cardium oil development wells in the Wapiti area, 3 (2.5 net) Charlie Lake horizontal oil wells in Peace River Arch region and 1 (1.0 net) Dunvegan horizontal oil well. In addition, the company will be participating in a non-operated (50% working interest) Montney completion at Karr and tying in operated (65% working interest) 13-1 well which was successfully completed with an optimized stimulation design in the fourth quarter of 2020. The Sturgeon Lake NAL assets continue to perform well above expectations with production 50% (1,200 boe/d) higher than forecasted at the time the NAL Combination was announced. It sees significant additional optimization opportunities as well as follow-up drilling on the Ante Creek expansion lands and within the primary waterflooded pool. It will be drilling 6.0 (4.8 net) wells in west central Alberta including 4 (3.8 net) ERH Cardium oil wells and 1 (0.9 net) ERH Cardium injection well in the continued re-development of operated Pembina Cardium waterfloods and 1 (0.2 net) Glauconite liquids rich gas well on NAL lands.