Injecting CO2 deep underground safely stores carbon. Whitecap Resources Inc. is interested, CEO Grant Fagerheim told Pipeline News on September 19. Our premium asset base allows us to pair sustainable long-term growth with a disciplined risk management strategy. The Weyburn Unit has been in existence since the 1950’s when it was discovered. Construction Coordinator at Whitecap Resources Inc. Weyburn, Saskatchewan, Canada 500+ connections. Whitecap Resources buys Cenovus' Weyburn unit. Both these teams raised 250 pounds for the Weyburn Salvation Army. While the Weyburn Unit delivers sustainable growth, there’s much more to its story. The Weyburn field is backed by years of extensive scientific research. 50 16th St NE Weyburn SK ... Whitecap Resources Inc (306) 848-6100. The CO2 acts likes a solvent to flush otherwise unrecoverable oil from pores in the rock. The Water Treatment Plant was teamed with the Weyburn Fire Department and Whitecap Resources. Safety. 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. 2020 … Whitecap Resources, which was founded in 2009, is focused on aggregating a light oil resource base. Find Oil Companies in Weyburn with user reviews at mysask411.com. Operations. 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. The deal was expected to increase Whitecap's oil production by 25%. This exceeds our company's total GHG emissions (direct and indirect). 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 … 2020 … 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 … It generally focuses on oil development and production instead of exploration. Whitecap Resources acquires Weyburn unit from Cenovus for Cdn$940 million. 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”). 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. 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. The Weyburn Unit remains strategic to Whitecap’s business. 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. RESOURCE CENTER 1-800-944-8322. 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. 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. In addition, the Weyburn Unit is a hugely successful carbon capture, utilization and storage project. The CO2 acts like a solvent, causing oil to expand and flow more easily to production wells. It involves injecting high pressure CO2 into the oil formation. At the same time, the field was also the focus of a major international research initiative to monitor CO2 stored by this development. Whitecap Resources Inc. has struck deal to acquire a controlling interest in a major Saskatchewan oil property from Cenovus Energy Inc. for $940-million. The CO2 acts live a solvent to flush otherwise unrecoverable oil from pores in the rock. 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. Whitecap Resources primarily produces light, sweet crude oil, as opposed to heavy oil or natural gas. 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”). … 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. is a clean Canadian energy company. We purchase CO2 from the coal-fired Boundary Dam Power Station in Estevan, Saskatchewan, and a coal gasification project in North Dakota. 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. 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 We inject CO2 in liquid form at high pressure into the producing formation 1,500m underground. Pan Canadian/ Encana / Cenovus/ WhiteCap Resources Sep 1988 - Present 32 years 2 months. At Whitecap Resources, we’re proud to be the operator and majority owner of the Weyburn Unit in southeast 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. Safety. are stored each year as part of enhanced oil recovery. 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. = to planting 2,800 square kilometres of trees to absorb carbon. 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. Geological Overview 3 Midale Reservoir Marly Vuggy Average Net … “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 buyer was Whitecap Resources, which is a natural fit for these assets. 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). 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. Injecting CO2 into deep, underground rock formations safely stores the carbon. Our Southeast Saskatchewan “SE SK” Business Unit or the “Weyburn” property is located south of Weyburn, Saskatchewan. Whitecap has a 62.1% operated working interest in the Weyburn Unit which produces primarily light oil. (Adds details about Weyburn and Cenovus’ asset sale plan, share action) By John Tilak and David French . Whitecap Resources Inc. Dec 2017 - present Whitecap Resources Dec 2009 - Dec 2017 Cenovus Energy April 2002 - Dec 2009 EnCana Resources June 1997 - April 2002 PanCanadian Petroleum . Production Foreman - PanCanadian Petroleum Whitecap Resources Inc. Jul 1994 – May 1997 2 years 11 months. With a low base decline rate of 3-5%, Weyburn Unit provides steady energy production over time. There will be a Kettle Campaign day at Walmart on Saturday, Dec. 19. The City of Weyburn announced Whitecap Resources secured the naming rights for one of the eight dressing rooms at the facility. Continous Improvement Coach - PanCanadian Petroleum Whitecap Resources Inc. Apr 1992 – Jun 1994 2 years … WHAT IS CARBON CAPTURE, UTILIZATION AND STORAGE? 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. 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 primary reservoirs being developed are the Midale and Frobisher. 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. There the carbon dioxide is used for enhanced oil recovery. Today Weyburn is recognized as the world’s largest underground geological CO2 storage project. 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. Menu & Reservations Make Reservations . The number one oil producer is Crescent Point Energy, followed by Husky Oil and Whitecap Resources. Waterflood operations commenced in the 1960’s with a world class CO2 enhanced oil recovery "EOR" development commencing in 2000. 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. Indeed, he had just been to Regina to talk to government ministers about that exact issue. Whitecap has sponsored one of the rooms with access to both facilities. Announces Acquisition of World Class Enhanced Oil Recovery Project, $425 Million Financing, Dividend Increase of 5% and Significantly Enhanced Free Funds Flow Through its investment, Whitecap Resources joins title sponsor Weyburn Credit Union and play centre sponsor MNP. We purchase CO2 from the coal-fired Boundary Dam Power Station in Estevan, Saskatchewan and a coal gasification project in North Dakota. Brian Zinchuk / Estevan Mercury. This development injects carbon dioxide safely and responsibly deep underground to increase oil production from one of Canada’s largest crude oil reservoirs. Menu & Reservations Make Reservations . Whitecap issued approximately 58.3 million Whitecap common shares in exchange for all the issued and outstanding NAL shares. These studies have determined that there is little to no release of CO2 from the field. We inject CO2 in liquid form at high pressure into the producing formation 1,500 metres underground. That company is Whitecap Resources, the current majority owner and operator of the Weyburn Unit. 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? Weyburn is the world's first commercial project that utilizes a waste CO2 stream for Enhance Oil Recovery. -12°C in Maple Creek Sign Up / Login ... Caprice Resources Ltd (306) 848-0550. Whitecap is the operator of the Weyburn Unit, with 62 per cent ownership. The CO2 produced during the recovery is returned to the reservoir so that all injected CO2 is permanently stored deep underground. in added value to the provincial economy since CO2 enhanced oil recovery began in 2000.*. 3Xthe height of the CN Tower in Toronto, Canada. CALGARY, AB , Dec. 15, 2020 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) confirms that a cash dividend of Cdn. The Weyburn Leisure Centre was teamed with the Weyburn Artistic Swimming and other pool users. The Weyburn Unit is located a short 30-minute drive south of the city of Weyburn. Whitecap issued approximately 58.3 million Whitecap common shares in exchange for all the issued and outstanding NAL shares. Second, it reduces carbon emissions by safely storing CO2 underground. 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. My work team consists of 2 Leads, Technician, and contract supervision. 4 analysts recommended to SELL the stock. Whitecap Resources donation. jobs (direct and indirect) for Saskatchewan residents. By John Tilak and David French. Report summary. 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. 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. It is also the operator of the Weyburn Unit, a carbon capture … Whitecap Resources Inc. Weyburn's stable production adds predictable free cash flow (2019, after capital spending), supporting our dividend payments. Whitecap Resources Weyburn SK. Brooks, Alberta. 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. For many years, Whitecap has been an active producer in Saskatchewan. 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. 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 … (Adds details about Weyburn and Cenovus' asset sale plan, share action) That's equal to taking 6 million cars off the road for an entire year. Injecting CO2 deep underground safely stores carbon. Whitecap Resources primarily produces light, sweet crude oil, as opposed to heavy oil or natural gas. This development injects carbon dioxide safely and responsibly deep underground to increase oil production from one of Canada’s largest crude oil reservoirs. 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 Reviews (306) 848-6100 Website. By John Tilak and David French. This results in incremental oil production that could not be achieved with conventional means. The CO2 produced during oil recovery is returned to the reservoir so that all injected CO2 is permanently stored deep underground. Get directions, reviews and information for Whitecap Resources in Weyburn, SK. 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 generally focuses on oil development and production instead of exploration. Without the Weyburn Unit, the majority of CO2 would otherwise be released to the atmosphere. 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 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 Weyburn C02 flood Unit Cenovus ... Cenovus Energy Sep 1988 - Present 32 years 2 months. Construction Coordinator at Whitecap Resources Inc. Weyburn, Saskatchewan, Canada 500+ connections. We inject CO2 to maximize well performance, keeping a small footprint and safely storing greenhouse gas (GHG) emissions underground. City Hall was teamed with the Weyburn Credit Union, and this team raised 573 pounds. In November 2017, Whitecap purchased a 62% interest in the Weyburn oil project in Saskatchewan for $940 million from Cenovus Energy. CO2 enhanced oil recovery at Weyburn has generated 104 million barrels of incremental production to date, adding value from the resource. 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 … Whitecap agreed Monday to buy a … 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. As the oil is pumped to the surface, injected CO2 is collected, compressed and reinjected underground to a depth of 1.5 kilometres. -30- Join to Connect Whitecap Resources Inc. ... 29 Years operations experience with Weyburn Unit operation. Learn More about CO2 Sequestration at our Weyburn Property. More on the Whitecap Resources dressing room here. 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. 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. At the surface, oil and natural gas liquids are extracted for sale. Legal . These EOR operations are independent of the research program. That company is Whitecap Resources, the current majority owner and operator of the Weyburn Unit. 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. This translates into less capital requirements to sustain production rates. It is usually referred to as TSX:WCP or WCP-T Is Whitecap Resources a buy or a sell? Weyburn C02 flood Unit Cenovus ... Cenovus Energy Sep 1988 - Present 32 years 2 months. Submitted by Salvation Army Weyburn. WEYBURN – The City of Weyburn has approved an additional sponsorship for the new Credit Union Spark Centre. 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 … 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. 3800, 525 - 8th Avenue SW; Eighth Avenue Place, East Tower; Calgary, Alberta, Canada T2P 1G1 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 Whitecap Resources, we’re proud to be the operator and majority owner of the Weyburn Unit in southeast Saskatchewan. Whitecap Resources' carbon dioxide miscible flood operation is a “significant green story," says the company's operations superintendent. * Capital and operating expenses, government taxes and royalties. In 2017, we increased our presence in the province, acquiring a 62% working interest and operatorship of the 210 square kilometre Weyburn property. Order Online Tickets Tickets See Availability Directions {{::location.tagLine.value.text}} Sponsored Topics. It is backed by years of extensive scientific research and today is recognized as the world’s largest underground geological CO2 sequestration project. The deal is for ten years, with Whitecap making a contribution of $20,000. 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. 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. At the surface, oil and natural gas liquid are extracted for sale. 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. Project Timeline 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. 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. 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. The dressing rooms are located alongside the indoor synthetic turf field. Our long-term objective is to maximize the recovery of this huge oil resource. My Account Locations Help Center Log in Home. Whitecap Resources Weyburn SK. This results in incremental oil productions that could not be achieved with conventional means. Without the Weyburn Unit, the majority of CO2 would otherwise be released to the atmosphere. Join to Connect ... Weyburn is the world's first commercial project that utilizes a waste CO2 stream for Enhance Oil Recovery. To date, Weyburn has safely sequestered more than 31 million tonnes of CO2. Announces Closing of NAL Resources, Strong Finish to 2020 and Robust First Quarter Drilling Program | Nachricht | finanzen.net 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's world class expertise in CO2 EOR and sequestration provides the foundation to continue to drive down Whitecap's GHG emissions intensity. 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. Reviews (306) 848-6100 Website. Colby Mainil, Production EngineerWeyburn Unit, Whitecap Resources, Learn more about our Southeast Saskatchewan (SESK) Business Unit, Weyburn unit - Frequently Asked Questions. 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 project has safely captured over 34 million tonnes of CO2. WHY DID WHITECAP PURCHASE A MAJOR STAKE IN WEYBURN. The company has operations across Alberta, British Columbia, and Saskatchewan. My current role is Construction Coordinator reporting the Operations Superintendent. Whitecap Resources is a Canadian stock, trading under the symbol WCP-T on the Toronto Stock Exchange (WCP-CT). Headquarters 403-266-0767. In the last year, 14 stock analysts published opinions about WCP-T. 7 analysts recommended to BUY the stock. 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 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 latest stock analyst recommendation is . The operator and majority owner of the research program asset sale plan, share action ) John. Rate of 3-5 %, Weyburn Unit Whitecap purchased a 62 % in! 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