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. CALGARY, AB – Whitecap Resources Inc. ... 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 2 million tonnes of CO 2 annually and providing the Company with its net negative emitter status. Construction Coordinator at Whitecap Resources Inc. Weyburn, Saskatchewan, Canada 500+ connections. Whitecap Resources acquires Weyburn unit from Cenovus for Cdn$940 million. 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. Our Southeast Saskatchewan “SE SK” Business Unit or the “Weyburn” property is located south of Weyburn, Saskatchewan. 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). The dressing rooms are located alongside the indoor synthetic turf field. 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. This field has benefitted from a number of innovative developments — including the start of CO2 enhanced oil recovery in 2000. Reviews (306) 848-6100 Website. Join to Connect Whitecap Resources Inc. ... 29 Years operations experience with Weyburn Unit operation. Submitted by Salvation Army Weyburn. 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. This internationally recognized, world class project has safely captured over 34 million tonnes of CO2. Weyburn's stable production adds predictable free cash flow (2019, after capital spending), supporting our dividend payments. Whitecap agreed Monday to buy a … Headquarters 403-266-0767. We purchase CO2 from the coal-fired Boundary Dam Power Station in Estevan, Saskatchewan, and a coal gasification project in North Dakota. The CO2 produced during the recovery is returned to the reservoir so that all injected CO2 is permanently stored deep underground. 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 … 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. Dec 2017 - present Whitecap Resources Dec 2009 - Dec 2017 Cenovus Energy April 2002 - Dec 2009 EnCana Resources June 1997 - April 2002 PanCanadian Petroleum . Second, it reduces carbon emissions by safely storing CO2 underground. This development injects carbon dioxide safely and responsibly deep underground to increase oil production from one of Canada’s largest crude oil reservoirs. 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. 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. TORONTO/NEW YORK (Reuters) - Canada's Whitecap Resources Inc (Toronto:WCP.TO - News) and at least three other companies have submitted final-round bids for Cenovus Energy Inc's (Toronto:CVE.TO - News) Weyburn oil facility in a deal that could fetch about C$1 billion ($782 million), people familiar with the situation said on Tuesday. Find Oil Companies in Weyburn with user reviews at mysask411.com. Whitecap's world class expertise in CO2 EOR and sequestration provides the foundation to continue to drive down Whitecap's GHG emissions intensity. Report summary. The City of Weyburn announced Whitecap Resources secured the naming rights for one of the eight dressing rooms at the facility. Whitecap Resources, which was founded in 2009, is focused on aggregating a light oil resource base. The Weyburn-Midale Carbon Dioxide Project (or IEA GHG Weyburn ... (formerly operated by Cenovus Energy of Calgary before its Saskatchewan operations were sold to Whitecap Resources in 2017), and after the year 2005 from the adjacent Midale field (operated by Apache Canada). “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. 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. Whitecap Resources buys Cenovus' Weyburn unit. Order Online Tickets Tickets See Availability Directions {{::location.tagLine.value.text}} Sponsored Topics. 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 … This translates into less capital requirements to sustain production rates. This results in incremental oil productions that could not be achieved with conventional means. Calgary-based explorers Whitecap Resources Inc. and Torc Oil & Gas Ltd. have agreed to join forces in a merger that combines their light oil-weighted portfolios. Get directions, reviews and information for Whitecap Resources in Weyburn, SK. 3800, 525 - 8th Avenue SW; Eighth Avenue Place, East Tower; Calgary, Alberta, Canada T2P 1G1 Pan Canadian/ Encana / Cenovus/ WhiteCap Resources Sep 1988 - Present 32 years 2 months. Continous Improvement Coach - PanCanadian Petroleum Whitecap Resources Inc. Apr 1992 – Jun 1994 2 years … It is also the operator of the Weyburn Unit, a carbon capture … At the same time, the field was also the focus of a major international research initiative to monitor CO2 stored by this development. The CO2 acts like a solvent, causing oil to expand and flow more easily to production wells. Learn More about CO2 Sequestration at our Weyburn Property. CALGARY, AB, Jan. 4, 2021 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has successfully completed the … Production Foreman - PanCanadian Petroleum Whitecap Resources Inc. Jul 1994 – May 1997 2 years 11 months. 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. Today Weyburn is recognized as the world’s largest underground geological CO2 storage project. 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. Whitecap Resources Inc. has struck deal to acquire a controlling interest in a major Saskatchewan oil property from Cenovus Energy Inc. for $940-million. Through its investment, Whitecap Resources joins title sponsor Weyburn Credit Union and play centre sponsor MNP. There will be a Kettle Campaign day at Walmart on Saturday, Dec. 19. Pan Canadian/ Encana / Cenovus/ WhiteCap Resources Sep 1988 - Present 32 years 2 months. My work team consists of 2 Leads, Technician, and contract supervision. -30- It generally focuses on oil development and production instead of exploration. 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. Weyburn C02 flood Unit Cenovus ... Cenovus Energy Sep 1988 - Present 32 years 2 months. 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? Whitecap issued approximately 58.3 million Whitecap common shares in exchange for all the issued and outstanding NAL shares. Indeed, he had just been to Regina to talk to government ministers about that exact issue. Whitecap Resources' carbon dioxide miscible flood operation is a “significant green story," says the company's operations superintendent. jobs (direct and indirect) for Saskatchewan residents. By John Tilak and David French. Whitecap Resources Inc. | Whitecap Resources Inc. is a clean Canadian energy company. Weyburn C02 flood Unit Cenovus ... Cenovus Energy Sep 1988 - Present 32 years 2 months. Calgary, Weyburn – For the first time in its 63-year history, the Weyburn Unit will have an entirely new operator, as Cenovus sells its 62.1 per cent operating interest in the field to Whitecap Resources Ltd. On Nov. 17, Whitecap president and CEO Grant Fagerheim spoke to Pipeline News by phone about their plans. My current role is Construction Coordinator reporting the Operations Superintendent. There the carbon dioxide is used for enhanced oil recovery. Our long-term objective is to maximize the recovery of this huge oil resource. At Whitecap Resources, we’re proud to be the operator and majority owner of the Weyburn Unit in southeast Saskatchewan. 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. MRO 72/20 Whitecap Resources Inc. Weyburn Midale Beds Pool Carbon Dioxide Flood Project Modification 150723 Weyburn Unit MRO 71/20 Crescent Point Energy Corp. Viewfield Bakken Waterflood Expansion Sections N/2-2, 3, 4, 5, E/2-6, 10, 11, 12, N/23, 26, 35-8-7W2 151558 April 9, 2020 IRIS Authorization # Company Pool or Area Application Type Location MRO 74/20 Tamarack Acquisition … Weyburn is the world's first commercial project that utilizes a waste CO2 stream for Enhance Oil Recovery. This will ensure responsible resource development that continues to provide value to shareholders and the Saskatchewan economy while storing CO2 that would otherwise have been emitted. The company has operations across Alberta, British Columbia, and Saskatchewan. Announces Acquisition of World Class Enhanced Oil Recovery Project, $425 Million Financing, Dividend Increase of 5% and Significantly Enhanced Free Funds Flow That's equal to taking 6 million cars off the road for an entire year. 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. Both these teams raised 250 pounds for the Weyburn Salvation Army. Whitecap Resources donation. 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. The buyer was Whitecap Resources, which is a natural fit for these assets. TORONTO/NEW YORK (Reuters) - Canada's Whitecap Resources Inc (Toronto:WCP.TO - News) and at least three other companies have submitted final-round bids for Cenovus Energy Inc's (Toronto:CVE.TO - News) Weyburn oil facility in a deal that could fetch about C$1 billion ($782 million), people familiar with the situation said on Tuesday. -12°C in Maple Creek Sign Up / Login ... Caprice Resources Ltd (306) 848-0550. Whitecap Resources Weyburn SK. This development injects carbon dioxide safely and responsibly deep underground to increase oil production from one of Canada’s largest crude oil reservoirs. 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. Whitecap Resources is a Canadian stock, trading under the symbol WCP-T on the Toronto Stock Exchange (WCP-CT). In November 2017, Whitecap purchased a 62% interest in the Weyburn oil project in Saskatchewan for $940 million from Cenovus Energy. 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. That company is Whitecap Resources, the current majority owner and operator of the Weyburn Unit. In 2018, the Weyburn project stored 1.8 million tonnes of CO2 which means we sequester more CO2 than our yearly corporate emissions (direct and indirect), making us a carbon negative company. = to planting 2,800 square kilometres of trees to absorb carbon. This exceeds our company's total GHG emissions (direct and indirect). RESOURCE CENTER 1-800-944-8322. The latest stock analyst recommendation is . Whitecap has a 62.1% operated working interest in the Weyburn Unit which produces primarily light oil. In addition, the Weyburn Unit is a hugely successful carbon capture, utilization and storage project. It is usually referred to as TSX:WCP or WCP-T Is Whitecap Resources a buy or a sell? 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. Reviews (306) 848-6100 Website. 4 analysts recommended to SELL the stock. Whitecap is the operator of the Weyburn Unit, with 62 per cent ownership. Brian Zinchuk / Estevan Mercury. Without the Weyburn Unit, the majority of CO2 would otherwise be released to the atmosphere. The Weyburn Unit remains strategic to Whitecap’s business. 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. City Hall was teamed with the Weyburn Credit Union, and this team raised 573 pounds. 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. Whitecap issued approximately 58.3 million Whitecap common shares in exchange for all the issued and outstanding NAL shares. While the Weyburn Unit delivers sustainable growth, there’s much more to its story. At the surface, oil and natural gas liquids are extracted for sale. We inject CO2 in liquid form at high pressure into the producing formation 1,500m underground. 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. Injecting CO2 deep underground safely stores carbon. WHY DID WHITECAP PURCHASE A MAJOR STAKE IN WEYBURN. At the surface, oil and natural gas liquid are extracted for sale. WEYBURN – The City of Weyburn has approved an additional sponsorship for the new Credit Union Spark Centre. With a low base decline rate of 3-5%, Weyburn Unit provides steady energy production over time. Safety. Join to Connect ... Weyburn is the world's first commercial project that utilizes a waste CO2 stream for Enhance Oil Recovery. Whitecap’s positive work environment contributes to its success as an energy producer and a steward of the environment with a focus on safe and responsible operations. The deal was expected to increase Whitecap's oil production by 25%. 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. 2020 … 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. 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. We purchase CO2 from the coal-fired Boundary Dam Power Station in Estevan, Saskatchewan and a coal gasification project in North Dakota. The CO2 acts live a solvent to flush otherwise unrecoverable oil from pores in the rock. 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. It generally focuses on oil development and production instead of exploration. 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. are stored each year as part of enhanced oil recovery. Announces Closing of NAL Resources, Strong Finish to 2020 and Robust First Quarter Drilling Program | Nachricht | finanzen.net The CO2 produced during oil recovery is returned to the reservoir so that all injected CO2 is permanently stored deep underground. The Weyburn Leisure Centre was teamed with the Weyburn Artistic Swimming and other pool users. At Whitecap Resources, we’re proud to be the operator and majority owner of the Weyburn Unit in southeast Saskatchewan. (Adds details about Weyburn and Cenovus’ asset sale plan, share action) By John Tilak and David French . Safety. Colby Mainil, Production EngineerWeyburn Unit, Whitecap Resources, Learn more about our Southeast Saskatchewan (SESK) Business Unit, Weyburn unit - Frequently Asked Questions. 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. These EOR operations are independent of the research program. 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. Whitecap has sponsored one of the rooms with access to both facilities. To date, Weyburn has safely sequestered more than 31 million tonnes of CO2. Acquires Weyburn Unit operation Centre sponsor MNP with a low base decline of... Geological CO2 storage project Weyburn – the City of Weyburn announced Whitecap Resources Inc. Weyburn, Saskatchewan, Canada connections... 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