Whitecap Resources Inc. announced that 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, the company 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 to maintain, and potentially improve upon, low base production decline rate anticipated to be approximately 17% for 2021.