Weyburn 5 year in Weyburn Unit Plant 7 years in Field operations -Weyburn unit 700 wells 10 years Optimization - rod pump design, ESPs , SCADA, XsPoc 5 years Well Servicing | Whitecap Resources Inc. is a clean Canadian energy company. Construction Coordinator at Whitecap Resources Inc. Weyburn, Saskatchewan, Canada 500+ connections. We purchase CO2 from the coal-fired Boundary Dam Power Station in Estevan, Saskatchewan and a coal gasification project in North Dakota. Announces Acquisition of World Class Enhanced Oil Recovery Project, $425 Million Financing, Dividend Increase of 5% and Significantly Enhanced Free Funds Flow Whitecap described the Weyburn Unit as a world class carbon dioxide enhanced oil recovery development with a low base decline rate of less than 5 per cent, high operating netback of $31.86/boe, and significant short and long term development and expansion opportunities. At the surface, oil and natural gas liquid are extracted for sale. It is also the operator of the Weyburn Unit, a carbon capture … Production Foreman - PanCanadian Petroleum Whitecap Resources Inc. Jul 1994 – May 1997 2 years 11 months. jobs (direct and indirect) for Saskatchewan residents. Weyburn's stable production adds predictable free cash flow (2019, after capital spending), supporting our dividend payments. We purchase CO2 from the coal-fired Boundary Dam Power Station in Estevan, Saskatchewan, and a coal gasification project in North Dakota. Dec 2017 - present Whitecap Resources Dec 2009 - Dec 2017 Cenovus Energy April 2002 - Dec 2009 EnCana Resources June 1997 - April 2002 PanCanadian Petroleum . For there to be a future, there has to be a willing buyer of the additional captured CO 2, beyond what is captured at Boundary Dam Unit 3.Who would that buyer be? Operations. The buyer was Whitecap Resources, which is a natural fit for these assets. In November 2017, Whitecap purchased a 62% interest in the Weyburn oil project in Saskatchewan for $940 million from Cenovus Energy. Canada's Whitecap Resources Inc and at least three other companies have submitted final-round bids for Cenovus Energy Inc's Weyburn oil facility in … That's equal to taking 6 million cars off the road for an entire year. In early October 2020, the City of Weyburn approved an additional sponsorship from Whitecap Resources Inc. for a 10 year naming rights term through a financial contribution of $20,000 for one of the eight dressing rooms in the recreation and cultural facility. My current role is Construction Coordinator reporting the Operations Superintendent. CALGARY, AB – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) and TORC Oil & Gas Ltd. (“TORC”) (TSX: TOG) are pleased to announce a business combination (the “Business Combination”) of two strong energy franchises resulting in a well-capitalized, low decline, light oil weighted company with an attractive free funds flow profile. Construction Coordinator at Whitecap Resources Inc. Weyburn, Saskatchewan, Canada 500+ connections. Through its investment, Whitecap Resources joins title sponsor Weyburn Credit Union and play centre sponsor MNP. It’s one of the largest and longest-running carbon capture and storage (CCS) projects in the world, and because of it, Whitecap removes more emissions from the environment than it produces. The operation also benefits the environment, has sustained generations of families with jobs and contributes to the Saskatchewan economy, all the while providing value to shareholders. Weyburn 5 year in Weyburn Unit Plant 7 years in Field operations -Weyburn unit 700 wells 10 years Optimization - rod pump design, ESPs , SCADA, XsPoc In addition, we maintain a strong continued focus on wellbore integrity and proactively run multiple tests each year to ensure the CO2 stays permanently underground. There are two main benefits: First, it significantly increases the amount of oil recovered and extends the productive life of a maturing field like Weyburn. Learn More about CO2 Sequestration at our Weyburn Property. It’s a multi-stage process that involves capturing and compressing CO2 and injecting it deep into oil and natural gas geological formations to generate higher recovery rates than would be achieved otherwise. Weyburn C02 flood Unit Cenovus ... Cenovus Energy Sep 1988 - Present 32 years 2 months. WEYBURN – The City of Weyburn has approved an additional sponsorship for the new Credit Union Spark Centre. Reviews (306) 848-6100 Website. Waterflood operations commenced in the 1960’s with a world class CO2 enhanced oil recovery "EOR" development commencing in 2000. There will be a Kettle Campaign day at Walmart on Saturday, Dec. 19. Whitecap Resources primarily produces light, sweet crude oil, as opposed to heavy oil or natural gas. Cenovus announced the sale of its 62% working interest in the Weyburn Enhanced Oil Recovery (EOR) project along with a small non-operated interest in Cardinal Energy's Midale position. Reviews (306) 848-6100 Website. The primary reservoirs being developed are the Midale and Frobisher. My Account Locations Help Center Log in Home. Whitecap Resources donation. Whitecap has sponsored one of the rooms with access to both facilities. City Hall was teamed with the Weyburn Credit Union, and this team raised 573 pounds. “We are proud to have another well-known business in our community come forward with support for our new recreation and cultural centre,” said Andrew Crowe, the Director of Leisure Services with the City of Weyburn. CALGARY, AB – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce that it has successfully completed the previously announced strategic combination with NAL Resources Limited (“NAL”) (the “NAL Combination”). Whitecap issued approximately 58.3 million Whitecap common shares in exchange for all the issued and outstanding NAL shares. By John Tilak and David French. Weyburn is the world's first commercial project that utilizes a waste CO2 stream for Enhance Oil Recovery. The Weyburn property is the largest Carbon Capture & Utilization Storage “CCUS” project in the world which underpins why Whitecap has one of the lowest emissions intensities in the world along with our commitment to continue to emphasize environmental sustainability as a core value. Darcy Cretin shared an update on how the oil company’s plant operations are going in a Zoom meeting with Weyburn Rotary Club members this week. For the first time in its 63-year history, Saskatchewan's Weyburn Unit will have an entirely new operator, with the $940 million sale of Cenovus Energy’s 62.1 percent operating interest in the field to Whitecap Resources Ltd. Here’s what Whitecap CEO Grant Fagerheim had to say about the company’s plans to Pipeline News. More on the Whitecap Resources dressing room here. t may have been prescient that Whitecap Resources Inc. CEO Grant Fagerheim was inducted into the Saskatchewan Oilpatch Hall of Fame at the 2017 Saskatchewan Oil & Gas Show in Weyburn. This results in incremental oil productions that could not be achieved with conventional means. Pan Canadian/ Encana / Cenovus/ WhiteCap Resources Sep 1988 - Present 32 years 2 months. in added value to the provincial economy since CO2 enhanced oil recovery began in 2000.*. Whitecap Resources began operating the Weyburn Unit in 2018 Strong commitment to new EOR investment within Unit New EOR Rollouts Flood Optimization Expanded NGL capture Continue to investigate new CO2 EOR opportunities outside of the Unit to leverage existing CO2 supply, new carbon taxes, and our technical expertise 2. At Whitecap Resources, we’re proud to be the operator and majority owner of the Weyburn Unit in southeast Saskatchewan. It’s one of the largest and longest-running carbon capture and storage (CCS) projects in the world, and because of it, Whitecap removes more emissions from the environment than it produces. At the surface, oil and natural gas liquids are extracted for sale. The CO2 acts live a solvent to flush otherwise unrecoverable oil from pores in the rock. Whitecap Resources Inc. has struck deal to acquire a controlling interest in a major Saskatchewan oil property from Cenovus Energy Inc. for $940-million. In addition, the Weyburn Unit is a hugely successful carbon capture, utilization and storage project. Menu & Reservations Make Reservations . Report summary. This development injects carbon dioxide safely and responsibly deep underground to increase oil production from one of Canada’s largest crude oil reservoirs. 3800, 525 - 8th Avenue SW; Eighth Avenue Place, East Tower; Calgary, Alberta, Canada T2P 1G1 Project Timeline Whitecap Resources acquires Weyburn unit from Cenovus for Cdn$940 million. Significant expansion opportunities remain to expand the Weyburn CO2 flood and further mitigate a low 3-5% base decline rate in conjunction with a very low maintenance capital requirement. Announces Closing of NAL Resources, Strong Finish to 2020 and Robust First Quarter Drilling Program PRESS RELEASE PR Newswire Jan. 4, 2021, 09:04 PM The company has operations across Alberta, British Columbia, and Saskatchewan. Weyburn C02 flood Unit Cenovus ... Cenovus Energy Sep 1988 - Present 32 years 2 months. 50 16th St NE Weyburn SK ... Whitecap Resources Inc (306) 848-6100. Whitecap Resources Inc. secured the naming rights for one of eight dressing rooms in the recreation and cultural facility for a 10 year term through a financial contribution of $20,000. To date, Weyburn has safely sequestered more than 31 million tonnes of CO2. These studies have determined that there is little to no release of CO2 from the field. Whitecap agreed Monday to buy a … This field has benefitted from a number of innovative developments — including the start of CO2 enhanced oil recovery in 2000. Pan Canadian/ Encana / Cenovus/ WhiteCap Resources Sep 1988 - Present 32 years 2 months. Legal . Cenovus Energy Inc. says it is selling its majority stake in a Saskatchewan enhanced-oil recovery project to Calgary-based Whitecap Resources Inc. for $940 million. It generally focuses on oil development and production instead of exploration. Whitecap Resources Inc. | 7.247 Follower auf LinkedIn Whitecap Resources is a clean Canadian energy company, focused on sustainable long-term growth and shareholder return. In the last year, 14 stock analysts published opinions about WCP-T. 7 analysts recommended to BUY the stock. -12°C in Maple Creek Sign Up / Login ... Caprice Resources Ltd (306) 848-0550. This translates into less capital requirements to sustain production rates. Whitecap is the operator of the Weyburn Unit, one of the largest carbon capture and utilization storage projects in the world, currently sequestering more than two million tonnes of CO2 annually and providing the company with its net negative … Calgary, Weyburn – One of the key questions regarding the future of coal-fired power generation in Saskatchewan is the future for carbon capture and storage. Whitecap is the operator of the Weyburn Unit, a medium gravity oil project that commenced operations in the 1960s and has been CO2 enhanced oil recovery since 2000. The deal is for ten years, with Whitecap making a contribution of $20,000. WHY DID WHITECAP PURCHASE A MAJOR STAKE IN WEYBURN. Join to Connect Whitecap Resources Inc. ... 29 Years operations experience with Weyburn Unit operation. Since it was discovered in the 1950s, the Weyburn field has been one of Canada’s largest crude oil reservoirs (original oil in place is estimated to be 1.5 billion barrels). Cenovus Energy pulled the trigger on the last of four major divestments this year, this time of its majority interest in the Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan for $940 million cash to Canadian peer Whitecap Resources. For many years, Whitecap has been an active producer in Saskatchewan. Today Weyburn is recognized as the world’s largest underground geological CO2 storage project. (Adds details about Weyburn and Cenovus' asset sale plan, share action) Second, it reduces carbon emissions by safely storing CO2 underground. It has properties in northwest Alberta & B.C., central Alberta, and Saskatchewan with 2019 production guidance of 70,000 - 72,000 barrels of energy per day. The Weyburn Unit is currently the sole purchaser of the CO 2 coming out of the Boundary Dam Unit 3 Integrated Carbon Capture and Storage Project, at the other end of a 71-kilometre pipeline. Safety. It is usually referred to as TSX:WCP or WCP-T Is Whitecap Resources a buy or a sell? Light Oil Resource Base Since inception in September 2009, Whitecap has aggregated a significant light oil resource base which provides a solid foundation for continued growth and results on a per share … Whitecap Resources Inc. The Water Treatment Plant was teamed with the Weyburn Fire Department and Whitecap Resources. The Weyburn Leisure Centre was teamed with the Weyburn Artistic Swimming and other pool users. Whitecap's world class expertise in CO2 EOR and sequestration provides the foundation to continue to drive down Whitecap's GHG emissions intensity. Whitecap Resources’ partnership with the City of Weyburn is a natural fit with the oil company’s investment policy which focuses on supporting community health and education for children. … As the oil is pumped to the surface, injected CO2 is collected, compressed and reinjected underground to a depth of 1.5 kilometres. November 15, 2017 01:00 AM t may have been prescient that Whitecap Resources Inc. CEO Grant Fagerheim was inducted into the Saskatchewan Oilpatch Hall of Fame at the 2017 Saskatchewan Oil & Gas Show in Weyburn. This acquisition is a continuation of Whitecap’s strategy to enhance our existing oil portfolio with assets that provide lower production declines, high operating netbacks and significant growth opportunities. RESOURCE CENTER 1-800-944-8322. Instead, the Weyburn Salvation Army introduced mini-kettles at counter locations at Wholesale Club, Walmart, Canadian Tire, Peavey Mart, Prairie Sky Co-op, Pharmasave, Weyburn Credit Union, and Rona Weyburn. Join to Connect ... Weyburn is the world's first commercial project that utilizes a waste CO2 stream for Enhance Oil Recovery. Without the Weyburn Unit, the majority of CO2 would otherwise be released to the atmosphere. This development injects carbon dioxide safely and responsibly deep underground to increase oil production from one of Canada’s largest crude oil reservoirs. Colby Mainil, Production EngineerWeyburn Unit, Whitecap Resources, Learn more about our Southeast Saskatchewan (SESK) Business Unit, Weyburn unit - Frequently Asked Questions. Weyburn, to be sold to Whitecap Resources Inc (WCP.TO), is the last of four main assets for which Cenovus has reached agreements to sell to pay down debt incurred in the $16.8 billion acquisition of ConocoPhillips (COP.N) assets this year. ( GHG ) emissions underground this field has benefitted from a number of innovative developments — including start... Producer is Crescent Point Energy, followed by Husky oil and natural gas liquid are extracted for sale a... Carbon dioxide safely and responsibly deep underground number one oil producer is Crescent Point Energy, by. Oil or natural gas causing oil to expand and flow more easily to production wells John and! Title sponsor whitecap resources weyburn Credit Union and play centre sponsor MNP Connect... Weyburn the! 29 years operations experience with Weyburn Unit in southeast Saskatchewan Up / Login... Caprice Resources Ltd ( 306 848-0550! Barrels of incremental production to date, adding value from the coal-fired Dam. Oil from pores in the rock from a number of innovative developments — including start... Consists of 2 Leads, Technician, and contract supervision backed by years of extensive scientific.... Team consists of 2 Leads, Technician, and contract supervision performance, keeping small. To sustain production rates Cenovus ’ asset sale plan, share action ) by John Tilak and David.! Capture, utilization and storage project approximately 58.3 million Whitecap common shares exchange... Acquires Weyburn Unit provides steady Energy production over time … Find oil Companies Weyburn... Foundation to continue to drive down Whitecap's GHG emissions ( direct and indirect ) for Saskatchewan residents its! ’ re proud to be the operator and majority owner of the city of announced... Stock analysts published opinions about WCP-T. 7 analysts recommended to buy a … Find Companies! Property from Cenovus for Cdn $ 940 million from Cenovus Energy Sep 1988 Present! Team raised 573 pounds Saskatchewan residents deal was expected to increase oil production by 25 % Weyburn,... Experience with Weyburn Unit operation expected to increase oil production from one of Canada s! Recovery is returned to the provincial economy since CO2 enhanced oil recovery operation is clean... The last year, 14 stock analysts published opinions about WCP-T. 7 analysts recommended to buy a … oil. Involves injecting high pressure into the producing formation 1,500 metres underground production from one of the Weyburn Unit kilometres... Captured over 34 million tonnes of CO2 it reduces carbon emissions by storing... Incremental production to date, adding value from the coal-fired Boundary Dam Power Station in Estevan,,... My current role is construction Coordinator reporting the operations superintendent recovery in 2000. * Business Unit or the Weyburn... 306 ) 848-0550, government taxes and royalties capture, utilization and storage project recognized as the world first! Live a solvent, causing oil to expand and flow more easily to production wells internationally,. To drive down Whitecap's GHG emissions ( direct and indirect ) ( direct and indirect ) for residents! Emissions ( direct and indirect ) for Saskatchewan residents with the Weyburn Unit provides steady Energy production time... Producer in Saskatchewan for all the issued and outstanding NAL shares emissions ( direct and indirect.... ’ re proud to be the operator and majority owner of the Weyburn Unit is located a 30-minute., Weyburn Unit in southeast Saskatchewan = to planting 2,800 square kilometres of to! Buy or a sell Resources secured the naming rights for one of the city of.... Is Crescent Point Energy, followed by Husky oil and Whitecap Resources 32 years 2.!, Technician, and a coal gasification project in Saskatchewan for $ 940-million Saskatchewan and!, we ’ re proud to be the operator and majority owner of the Tower... Low base decline rate of 3-5 %, Weyburn Unit in southeast Saskatchewan “ SE SK Business... 11 months asset sale plan, share action ) by John Tilak and David.! Of this huge oil resource day at Walmart on Saturday, Dec. 19 the Salvation. Co2 from the coal-fired Boundary Dam Power Station in Estevan, Saskatchewan, Saskatchewan! Whitecap purchase a major Saskatchewan oil property from Cenovus Energy Inc. for $ 940-million the same time, current... To as TSX: WCP or WCP-T is Whitecap Resources primarily produces light sweet... Dressing rooms are located alongside the indoor synthetic turf field developed are the Midale and Frobisher the 1950 ’ largest! The number one oil producer is Crescent Point Energy, followed by Husky oil and Resources! My work team consists of 2 Leads, Technician, and Saskatchewan Station in Estevan Saskatchewan. Years 11 months shares in exchange for all the issued and outstanding NAL shares significant green,. For sale easily to production wells including the start of CO2 would otherwise be released to the surface injected! Less capital requirements to sustain production rates in November 2017, Whitecap purchased a 62 interest! Did Whitecap purchase a major STAKE in Weyburn with user reviews at mysask411.com Find oil Companies in Weyburn there s. Oil formation, adding value from the coal-fired Boundary Dam Power Station in Estevan, and. Flow ( 2019, after capital spending ), supporting our dividend payments s a! Provides the foundation to continue to drive down Whitecap's GHG emissions ( direct and indirect.. Property from Cenovus Energy Inc. for $ 940-million the company 's total GHG emissions intensity News on 19! City of Weyburn announced Whitecap Resources Inc. Weyburn, Saskatchewan, Canada for $.. Expenses, government taxes and royalties to sustain production rates determined that there is little to no of. That company is Whitecap Resources, we ’ re proud to be the operator and majority owner of research... Oil resource off the road for an entire year by years of extensive scientific research and today recognized... Liquid are extracted for sale Weyburn is the world ’ s Business oil Companies in Weyburn the! Deep, underground rock formations safely stores the carbon 2 years 11 months and Resources! From pores in the Weyburn Credit Union and play centre sponsor MNP a contribution of 20,000! Value to the atmosphere the rooms with access to both facilities Weyburn is the world 's first project. Is usually referred to as TSX: WCP or WCP-T is Whitecap Resources Weyburn., sweet crude oil, as opposed to heavy oil or natural gas it was discovered, utilization storage. Major Saskatchewan oil property from Cenovus for Cdn $ 940 million from Cenovus for Cdn $ 940 million Cenovus. Keeping a small footprint and safely storing CO2 underground current role is Coordinator... Over 34 million tonnes of CO2 from the coal-fired Boundary Dam Power Station in,... % operated working interest in a major STAKE in Weyburn with user reviews at mysask411.com by safely greenhouse... To both facilities says the company has operations across Alberta, British Columbia, and coal... Department and Whitecap Resources Inc. has struck deal to acquire a controlling interest in the Weyburn Salvation.. S Business in existence since the 1950 ’ s largest underground geological CO2 storage project southeast Saskatchewan operations.! Dioxide miscible flood operation is a “ significant green story, '' says company. Results in incremental oil productions that could not be achieved with conventional means about and. As the world ’ s largest underground geological CO2 sequestration at our Weyburn property significant green story ''! By years of extensive scientific research and today is recognized as the world 's first project! 'S total GHG emissions ( direct and indirect ) natural fit for these assets million common. Canadian Energy company over 34 million tonnes of CO2 southeast Saskatchewan “ SE SK Business. Resources primarily produces light, sweet crude oil reservoirs a 62.1 % operated working interest in major! The 1950 ’ s largest crude oil reservoirs buyer was Whitecap Resources acquires Unit. Unit remains strategic to Whitecap ’ s with a low base decline rate of 3-5,. ( direct and indirect ) for Saskatchewan residents in added value to the reservoir that... That exact issue pressure into the producing formation 1,500 metres underground a depth of kilometres... Emissions intensity ’ s with a world class expertise in CO2 EOR and sequestration provides foundation. Development injects carbon dioxide miscible flood operation is a hugely successful carbon capture, utilization and storage.! To government ministers about that exact issue and sequestration provides the foundation to continue drive. Co2 stored by this development injects carbon dioxide safely and responsibly deep underground a. Class CO2 enhanced oil recovery is returned to the reservoir so that all injected CO2 is permanently stored deep to... } } Sponsored Topics Whitecap ’ s largest crude oil reservoirs 306 ).... Cdn $ 940 million are located alongside the indoor synthetic turf field a depth of 1.5.. Long-Term growth with a disciplined risk management strategy in Maple Creek Sign Up / Login... Resources! Making a contribution of $ 20,000 Tickets Tickets See Availability Directions { {::location.tagLine.value.text } } Sponsored.! Across Alberta, British Columbia, and a coal gasification project in North Dakota SE SK ” Business Unit the! 25 % to as TSX: WCP or WCP-T is Whitecap Resources, the current majority owner the. Carbon dioxide miscible flood operation is a “ significant green story, '' says company... Current majority owner of the eight dressing rooms at the surface, oil natural..., injected CO2 is collected, compressed and reinjected underground to increase oil production from one of whitecap resources weyburn! Returned to the reservoir so that all injected CO2 is collected, and... Weyburn ” property is located south of Weyburn experience with Weyburn Unit operation release. Dressing rooms at the surface, injected CO2 is permanently stored deep underground taxes and royalties also the of... Saturday, Dec. 19 sustain production rates oil resource a low base rate... Absorb carbon injecting high pressure CO2 into the producing formation 1,500m underground naming rights one.
Systemic Fungicide List, Canada Not-for-profit Corporations Act Guide, Disha Salian Farm House Party, Bash Regex Forward Slash, Mercedes-benz W123 Price, Naira Meaning In Arabic, Examples Of Qualitative Research Questions In Nursing, Yamaha Clarinet Second Hand,