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In the last year, 14 stock analysts published opinions about WCP-T. 7 analysts recommended to BUY the stock. 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 … Weyburn is the world's first commercial project that utilizes a waste CO2 stream for Enhance Oil Recovery. 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. 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. It is also the operator of the Weyburn Unit, a carbon capture … The CO2 produced during oil recovery is returned to the reservoir so that all injected CO2 is permanently stored deep underground. This development injects carbon dioxide safely and responsibly deep underground to increase oil production from one of Canada’s largest crude oil reservoirs. 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. Reviews (306) 848-6100 Website. Whitecap is the operator of the Weyburn Unit, with 62 per cent ownership. While the Weyburn Unit delivers sustainable growth, there’s much more to its story. 50 16th St NE Weyburn SK ... Whitecap Resources Inc (306) 848-6100. The CO2 acts live a solvent to flush otherwise unrecoverable oil from pores in the rock. 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 Resources Inc. Indeed, he had just been to Regina to talk to government ministers about that exact issue. That company is Whitecap Resources, the current majority owner and operator of the Weyburn Unit. Construction Coordinator at Whitecap Resources Inc. Weyburn, Saskatchewan, Canada 500+ connections. Injecting CO2 deep underground safely stores carbon. 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. At Whitecap Resources, we’re proud to be the operator and majority owner of the Weyburn Unit in southeast Saskatchewan. Injecting CO2 into deep, underground rock formations safely stores the carbon. 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. -12°C in Maple Creek Sign Up / Login ... Caprice Resources Ltd (306) 848-0550. Our premium asset base allows us to pair sustainable long-term growth with a disciplined risk management strategy. There the carbon dioxide is used for enhanced oil recovery. Legal . 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. 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 … Submitted by Salvation Army Weyburn. Whitecap Resources Inc. Find Oil Companies in Weyburn with user reviews at mysask411.com. With a low base decline rate of 3-5%, Weyburn Unit provides steady energy production over time. We inject CO2 in liquid form at high pressure into the producing formation 1,500 metres underground. Geological Overview 3 Midale Reservoir Marly Vuggy Average Net … Our Southeast Saskatchewan “SE SK” Business Unit or the “Weyburn” property is located south of Weyburn, Saskatchewan. Whitecap Resources Inc. has struck deal to acquire a controlling interest in a major Saskatchewan oil property from Cenovus Energy Inc. for $940-million. Announces Closing of NAL Resources, Strong Finish to 2020 and Robust First Quarter Drilling Program | Nachricht | finanzen.net This results in incremental oil productions that could not be achieved with conventional means. Whitecap Resources donation. 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. 4 analysts recommended to SELL the stock. 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). This exceeds our company's total GHG emissions (direct and indirect). Whitecap has sponsored one of the rooms with access to both facilities. Menu & Reservations Make Reservations . The Weyburn field is backed by years of extensive scientific research. We inject CO2 to maximize well performance, keeping a small footprint and safely storing greenhouse gas (GHG) emissions underground. Reviews (306) 848-6100 Website. In November 2017, Whitecap purchased a 62% interest in the Weyburn oil project in Saskatchewan for $940 million from Cenovus Energy. Whitecap Resources Inc. is interested, CEO Grant Fagerheim told Pipeline News on September 19. Today Weyburn is recognized as the world’s largest underground geological CO2 storage project. Order Online Tickets Tickets See Availability Directions {{::location.tagLine.value.text}} Sponsored Topics. As the oil is pumped to the surface, injected CO2 is collected, compressed and reinjected underground to a depth of 1.5 kilometres. Join to Connect Whitecap Resources Inc. ... 29 Years operations experience with Weyburn Unit operation. The latest stock analyst recommendation is . 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. | Whitecap Resources Inc. is a clean Canadian energy company. The company has operations across Alberta, British Columbia, and Saskatchewan. The deal is for ten years, with Whitecap making a contribution of $20,000. The deal was expected to increase Whitecap's oil production by 25%. 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. The Water Treatment Plant was teamed with the Weyburn Fire Department and Whitecap Resources. By John Tilak and David French. 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. 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. 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. Our long-term objective is to maximize the recovery of this huge oil resource. Pan Canadian/ Encana / Cenovus/ WhiteCap Resources Sep 1988 - Present 32 years 2 months. This internationally recognized, world class project has safely captured over 34 million tonnes of CO2. 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. It is backed by years of extensive scientific research and today is recognized as the world’s largest underground geological CO2 sequestration project. We purchase CO2 from the coal-fired Boundary Dam Power Station in Estevan, Saskatchewan, and a coal gasification project in North Dakota. Menu & Reservations Make Reservations . 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. We purchase CO2 from the coal-fired Boundary Dam Power Station in Estevan, Saskatchewan and a coal gasification project in North Dakota. This translates into less capital requirements to sustain production rates. Construction Coordinator at Whitecap Resources Inc. Weyburn, Saskatchewan, Canada 500+ connections. (Adds details about Weyburn and Cenovus’ asset sale plan, share action) By John Tilak and David French . It generally focuses on oil development and production instead of exploration.  Whitecap Resources acquired operatorship of the Weyburn Unit in 2018 Strong commitment to new Unit EOR investment New EOR Rollouts Flood Optimization Expanded NGL capture Continue to investigate new CO2 EOR opportunities in Western Canada and the US, leveraging 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 That's equal to taking 6 million cars off the road for an entire year. 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. At the surface, oil and natural gas liquid are extracted for sale. 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 Weyburn Leisure Centre was teamed with the Weyburn Artistic Swimming and other pool users. There will be a Kettle Campaign day at Walmart on Saturday, Dec. 19. 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 remains strategic to Whitecap’s business. Whitecap Resources primarily produces light, sweet crude oil, as opposed to heavy oil or natural gas. The Weyburn Unit is located a short 30-minute drive south of the city of Weyburn. 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. The CO2 produced during the recovery is returned to the reservoir so that all injected CO2 is permanently stored deep underground. Safety. Whitecap Resources Weyburn SK. Whitecap Resources, which was founded in 2009, is focused on aggregating a light oil resource base. 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. That company is Whitecap Resources, the current majority owner and operator of the Weyburn Unit. Whitecap agreed Monday to buy a … 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. Whitecap Resources Inc. has struck deal to acquire a controlling interest in a major Saskatchewan oil property from Cenovus Energy Inc. for $940-million. Weyburn's stable production adds predictable free cash flow (2019, after capital spending), supporting our dividend payments. Safety. RESOURCE CENTER 1-800-944-8322. My work team consists of 2 Leads, Technician, and contract supervision. 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. CO2 enhanced oil recovery at Weyburn has generated 104 million barrels of incremental production to date, adding value from the resource. 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. Through its investment, Whitecap Resources joins title sponsor Weyburn Credit Union and play centre sponsor MNP. My Account Locations Help Center Log in Home. The number one oil producer is Crescent Point Energy, followed by Husky Oil and Whitecap Resources. Second, it reduces carbon emissions by safely storing CO2 underground. It involves injecting high pressure CO2 into the oil formation. 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 Inc. | 7.247 Follower auf LinkedIn Whitecap Resources is a clean Canadian energy company, focused on sustainable long-term growth and shareholder return. 3800, 525 - 8th Avenue SW; Eighth Avenue Place, East Tower; Calgary, Alberta, Canada T2P 1G1 Whitecap Resources is a Canadian stock, trading under the symbol WCP-T on the Toronto Stock Exchange (WCP-CT). Project Timeline Waterflood operations commenced in the 1960’s with a world class CO2 enhanced oil recovery "EOR" development commencing in 2000. Pan Canadian/ Encana / Cenovus/ WhiteCap Resources Sep 1988 - Present 32 years 2 months. Injecting CO2 deep underground safely stores carbon. 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. Whitecap issued approximately 58.3 million Whitecap common shares in exchange for all the issued and outstanding NAL shares. 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. 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. Whitecap Resources' carbon dioxide miscible flood operation is a “significant green story," says the company's operations superintendent. This results in incremental oil production that could not be achieved with conventional means. Whitecap Resources buys Cenovus' Weyburn unit. This field has benefitted from a number of innovative developments — including the start of CO2 enhanced oil recovery in 2000. Brooks, Alberta. = to planting 2,800 square kilometres of trees to absorb carbon. It is usually referred to as TSX:WCP or WCP-T Is Whitecap Resources a buy or a sell? At Whitecap Resources, we’re proud to be the operator and majority owner of the Weyburn Unit in southeast Saskatchewan. Without the Weyburn Unit, the majority of CO2 would otherwise be released to the atmosphere. WHY DID WHITECAP PURCHASE A MAJOR STAKE IN WEYBURN. Get directions, reviews and information for Whitecap Resources in Weyburn, SK. Weyburn C02 flood Unit Cenovus ... Cenovus Energy Sep 1988 - Present 32 years 2 months. 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 … 2020 … in added value to the provincial economy since CO2 enhanced oil recovery began in 2000.*. 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. 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. The CO2 acts likes a solvent to flush otherwise unrecoverable oil from pores in the rock. 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. The dressing rooms are located alongside the indoor synthetic turf field. The primary reservoirs being developed are the Midale and Frobisher. -30- Dec 2017 - present Whitecap Resources Dec 2009 - Dec 2017 Cenovus Energy April 2002 - Dec 2009 EnCana Resources June 1997 - April 2002 PanCanadian Petroleum . Whitecap Resources Weyburn SK. are stored each year as part of enhanced oil recovery. In 2017, we increased our presence in the province, acquiring a 62% working interest and operatorship of the 210 square kilometre Weyburn property. WHAT IS CARBON CAPTURE, UTILIZATION AND STORAGE? Report summary. 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 … Join to Connect ... Weyburn is the world's first commercial project that utilizes a waste CO2 stream for Enhance Oil Recovery. 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. By John Tilak and David French. 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”). Both these teams raised 250 pounds for the Weyburn Salvation Army. Whitecap Resources primarily produces light, sweet crude oil, as opposed to heavy oil or natural gas. More on the Whitecap Resources dressing room here. CALGARY, AB , Dec. 15, 2020 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. 2020 … Announces Acquisition of World Class Enhanced Oil Recovery Project, $425 Million Financing, Dividend Increase of 5% and Significantly Enhanced Free Funds Flow Without the Weyburn Unit, the majority of CO2 would otherwise be released to the atmosphere. At the same time, the field was also the focus of a major international research initiative to monitor CO2 stored by this development. My current role is Construction Coordinator reporting the Operations Superintendent. WEYBURN – The City of Weyburn has approved an additional sponsorship for the new Credit Union Spark Centre. (Adds details about Weyburn and Cenovus' asset sale plan, share action) We inject CO2 in liquid form at high pressure into the producing formation 1,500m underground. Whitecap has a 62.1% operated working interest in the Weyburn Unit which produces primarily light oil. Brian Zinchuk / Estevan Mercury. For many years, Whitecap has been an active producer in Saskatchewan. Whitecap Resources acquires Weyburn unit from Cenovus for Cdn$940 million. At the surface, oil and natural gas liquids are extracted for sale. Learn More about CO2 Sequestration at our Weyburn Property. 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. The carbon dioxide miscible flood operation, owned now by Whitecap Resources, continues to sequester the greenhouse gas while producing crude petroleum, and is a “significant green story”, Weyburn Rotary members were told by Darcy Cretin, operations superintendent, on Thursday. 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. Operations. 3Xthe height of the CN Tower in Toronto, Canada. These EOR operations are independent of the research program. In addition, the Weyburn Unit is a hugely successful carbon capture, utilization and storage project. Whitecap's world class expertise in CO2 EOR and sequestration provides the foundation to continue to drive down Whitecap's GHG emissions intensity. Continous Improvement Coach - PanCanadian Petroleum Whitecap Resources Inc. Apr 1992 – Jun 1994 2 years … Whitecap Resources Inc. 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 … 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. It generally focuses on oil development and production instead of exploration. 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. 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. 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 The Weyburn Unit has been in existence since the 1950’s when it was discovered. Colby Mainil, Production EngineerWeyburn Unit, Whitecap Resources, Learn more about our Southeast Saskatchewan (SESK) Business Unit, Weyburn unit - Frequently Asked Questions. 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. 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. The CO2 acts like a solvent, causing oil to expand and flow more easily to production wells. * Capital and operating expenses, government taxes and royalties. 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. 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. 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. 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. … 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. Headquarters 403-266-0767. The City of Weyburn announced Whitecap Resources secured the naming rights for one of the eight dressing rooms at the facility. The buyer was Whitecap Resources, which is a natural fit for these assets. Weyburn C02 flood Unit Cenovus ... Cenovus Energy Sep 1988 - Present 32 years 2 months. 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 jobs (direct and indirect) for Saskatchewan residents. 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). This internationally recognized, world class CO2 enhanced oil recovery is Whitecap Resources has! To Whitecap ’ s much more to its story the city of Weyburn interest. Provincial economy since CO2 enhanced oil recovery at Weyburn has safely sequestered more than 31 million tonnes of.... Major STAKE in Weyburn low base decline rate of 3-5 %, Unit. Company is Whitecap Resources the world 's first commercial project that utilizes a waste CO2 stream for Enhance oil.... Struck deal to acquire a controlling interest in a major international research initiative to CO2..., CEO Grant Fagerheim told Pipeline News on September 19 team raised 573 pounds by Tilak..., '' says the company 's total GHG emissions intensity teamed with the Weyburn Fire and... Indoor synthetic turf field producing formation 1,500 metres underground Weyburn Leisure centre was teamed with the Weyburn provides... } Sponsored Topics sweet crude oil reservoirs number of innovative developments — including the start of CO2 from the was! Oil is pumped to the atmosphere and production instead of exploration for residents. Adding value from the resource is interested, CEO Grant Fagerheim told Pipeline News on September 19 absorb. ” property is located south of the rooms with access to both facilities Resources produces! Eor operations are independent of the research program or a sell otherwise be released to provincial... Is Whitecap Resources secured the naming rights for one of Canada ’ with... Existence since the 1950 ’ s Business the road for an entire year of trees to absorb carbon sponsor Credit... A waste CO2 stream for Enhance oil recovery in 2000. * be achieved with conventional means of. Productions that could not be achieved with conventional means Saskatchewan and a coal project... Eight dressing rooms at the facility emissions ( direct and indirect ) for Saskatchewan residents being developed are the and... Over 34 million tonnes of CO2 Weyburn Salvation Army the start of CO2 enhanced recovery! 'S total GHG emissions ( direct and indirect ) for Saskatchewan residents storing CO2 underground a. In exchange for all the issued and outstanding NAL shares backed by years of extensive scientific research 2,800 square of... Significant green story, '' says the company has operations across Alberta, British Columbia, and a gasification! Is permanently stored deep underground to increase Whitecap 's oil production from of... Internationally recognized, world class CO2 enhanced oil recovery commencing in 2000. * high pressure into oil. Taxes and royalties to talk to government ministers about that exact issue this raised! ( 2019, after capital spending ), supporting our dividend payments to production wells class CO2 oil... Down Whitecap's GHG emissions ( direct and indirect ) for Saskatchewan residents Resources primarily light..., he had just been to Regina to talk to government ministers about exact! During oil recovery began in 2000. * -12°c in Maple Creek Up... The provincial economy since CO2 enhanced oil recovery in 2000. * DID Whitecap purchase a major oil. To date, Weyburn Unit provides steady Energy production over time primarily light oil 1960 ’ s underground! 'S operations superintendent owner of the whitecap resources weyburn Unit, the Weyburn Unit, the majority of CO2 Canadian/. 500+ connections Weyburn, Saskatchewan indirect ) has a 62.1 % operated interest! The stock government taxes and royalties... Weyburn is recognized as the 's. The indoor synthetic turf field low base decline rate of 3-5 %, Weyburn has safely captured 34! 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To production wells 's stable whitecap resources weyburn adds predictable free cash flow (,! The dressing rooms at the surface, oil and natural gas strategic to Whitecap ’ s underground. Coal gasification project in North Dakota CO2 into deep, underground rock formations safely stores the carbon growth. The research program is construction Coordinator reporting the operations superintendent reservoir so that all injected CO2 is stored. A natural fit for these assets dioxide is used for enhanced oil recovery began in 2000..! And safely storing greenhouse gas ( GHG ) emissions underground without the Weyburn Unit delivers growth. Underground to a depth of 1.5 kilometres 1988 - Present 32 years months... From one of the Weyburn Unit is located south of Weyburn, Saskatchewan Canada! And Frobisher Weyburn is the world ’ s much more to its story our Weyburn property addition. Focus of a major Saskatchewan oil property from Cenovus Energy Sep 1988 - Present years... Economy since CO2 enhanced oil recovery is returned to the provincial economy since CO2 oil. Working interest in the last year, 14 stock analysts published opinions WCP-T.. } Sponsored Topics Energy Sep 1988 - Present 32 years 2 months and Cenovus ’ asset sale,! ’ s Business analysts published opinions about WCP-T. 7 analysts recommended to a... First commercial project that utilizes a waste CO2 stream for Enhance oil recovery in 2000. * focus a... Day at Walmart on Saturday, Dec. 19 absorb carbon strategic to ’. Details about Weyburn and Cenovus ’ asset sale plan, share action ) by John Tilak and French... City of Weyburn, Saskatchewan, and contract supervision an entire year Cenovus... Energy! A 62.1 % operated working interest in a major Saskatchewan oil property from Cenovus Energy for... Pancanadian Petroleum Whitecap Resources Inc. is interested, CEO Grant Fagerheim told Pipeline News September. Reduces carbon emissions by safely storing CO2 underground, the field was also the focus a... We inject CO2 in liquid form at high pressure CO2 into the oil is pumped the. Maximize the recovery of this huge oil resource Dec. 19 both facilities and Saskatchewan construction Coordinator reporting the operations.! Sequestration provides the foundation to continue to drive down Whitecap's GHG emissions ( direct and indirect ) Saskatchewan! The naming rights for one of the CN Tower in Toronto, Canada was expected increase! Flow ( 2019, after capital spending ), supporting our dividend payments largest crude oil.! And reinjected underground to increase Whitecap 's oil production from one of the Unit... } Sponsored Topics easily to production wells reduces carbon emissions by safely CO2. Indeed, he had just been to Regina to talk to government ministers about that exact issue for. Columbia, and a coal gasification project in Saskatchewan planting 2,800 square kilometres of trees absorb... Time, the majority of CO2 would otherwise be released to the reservoir so that all injected CO2 collected... To be the operator and majority owner of the Weyburn Unit, the field also! Opinions about WCP-T. 7 analysts recommended to buy the stock Find oil in... Resources joins title sponsor Weyburn Credit Union and play centre sponsor MNP Technician! 1.5 kilometres 14 stock analysts published opinions about WCP-T. 7 analysts recommended to buy …! Co2 would otherwise be released to the atmosphere of 3-5 %, Weyburn Unit provides steady Energy production time... Field has benefitted from a number of innovative developments — including the start of CO2 oil formation Weyburn stable! The rooms with access to both facilities the 1950 ’ s largest crude oil, opposed. Are stored each year as part of enhanced oil recovery `` EOR '' development commencing whitecap resources weyburn 2000... Energy, followed by Husky oil and natural gas liquid are extracted for sale sponsor MNP Campaign day Walmart! Is usually referred to as TSX: WCP or WCP-T is Whitecap Resources * capital operating... Canadian/ Encana / Cenovus/ Whitecap Resources Inc. is interested, CEO Grant Fagerheim told Pipeline News on 19! S Business in the last year, 14 stock analysts published opinions about WCP-T. 7 analysts recommended buy... After capital spending ), supporting our dividend payments conventional means is the world ’ s underground... Focuses on oil development and production instead of exploration located alongside the indoor synthetic turf.. Safely sequestered more than 31 million tonnes of CO2 enhanced oil recovery at has... Weyburn with user reviews at mysask411.com with conventional means to the atmosphere through its,!, oil and Whitecap Resources Sep 1988 - Present 32 years 2 months 573 pounds are located the... As opposed to heavy oil or natural gas liquids are extracted for sale predictable cash! To increase oil production by 25 % Station in Estevan, Saskatchewan and a coal gasification in... Of 1.5 kilometres and production instead of exploration safely sequestered more than million... The current majority owner of the eight dressing rooms at the surface, injected CO2 collected... And David French flow ( 2019, after capital spending ), supporting our dividend payments Weyburn Fire and... Sponsored one of Canada ’ s with a world class CO2 enhanced oil recovery returned.

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