Whitecap Resources Inc. (OTCPK:SPGYF) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET
Company Participants
Grant Fagerheim - President & Chief Executive Officer
Thanh Kang - Senior Vice President & Chief Financial Officer
Joey Wong - Vice President, West Division
Chris Bullin - Vice President, East Division
Conference Call Participants
Dennis Fong - CIBC
Aaron Bilkoski - TD Cowen
Patrick O'Rourke - ATB Capital Markets
Operator
Good morning. My name is Sylvie and I will be your conference operator today. At this time, I would like to welcome everyone to Whitecap Resources' Q2 2024 Results Conference Call. Note that all lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]
I would now like to turn it over to Whitecap's President and CEO, Mr. Grant Fagerheim. You may begin sir.
Grant Fagerheim
Thanks very much Sylvie. Good morning everyone and thank you for joining us. There are four members of our management team here with me today our Senior Vice President and CFO, Thanh Kang; our Senior Vice President of Business Development, Information Technology, Dave Mombourquette; our Vice President of our West division, Joey Wong; and our Vice President of our East division, Chris Bullin.
Before we get started today, I would like to remind everybody that the statements made by the company today during this call are subject to the same forward-looking disclaimer and advisory that we set forth in our news release issued yesterday afternoon.
I am pleased to report that we had a very successful second quarter with record quarterly production averaging over 177,000 Boe per day especially when compared to our forecast of 170,500 Boe per day. This generated $426 million of funds flow and $23 million of free funds flow. These results are directly