![]() In the 20 years of carbon dioxide injection, there is an estimated 30 million tonnes sequestered underground, and in 2019, Whitecap injected 1.4 million tonnes of CO2, with a total of 2 million tonnes sequestered, meaning they put 600,000 tonnes of CO2 into the ground over and above what was produced in their operations. He estimated about 500 million barrels of oil have been produced in the last 65 years, so there is still about one billion barrels of oil in the pool. “As you drill more wells and you understand the geography better, that number continues to grow,” noted Cretin. Cretin noted the estimation of the oil-in-place was 300 million barrels of oil in the Weyburn Field, but that has now been upgraded to 1.5 billion barrels of oil, the third largest oil field in Canada outside of the oilsands and the Fort McMurray operations. Within three years of the discovery well, Weyburn was identified as the largest oil field in Saskatchewan with 275 producing wells. PanCanadian changed its name to Encana when it merged with Alberta Energy in 2002, and when Encana split its oil and gas operations, Cenovus was formed and was the operating company until it sold to Whitecap Resources in 2017. Canadian Pacific Oil and Gas bought Central Del Rio in 1969, and they changed the company name a few years later to PanCanadian Petroleum. ![]() The field began with the discovery well in 1954 (with the 65 th anniversary celebrated last November), drilled by Central Leduc, which became Central Del Rio in 1963. Whitecap, which took over the former Cenovus Energy operation in 2017, owns 62 per cent of the operation along with 24 partners, with 700 producing oil wells and 300 injection wells, along with about 1,600 km of pipeline that they operate. “We currently produce 23,000 barrels a day of oil, and 180,000 barrels of water,” said Cretin, noting 350 million cubic feet of carbon dioxide have been injected into the Weyburn Field to enhance the oil production. For more information, visit Resources' carbon dioxide miscible flood operation is a “significant green story," says the company's operations superintendent.ĭarcy 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. From jobsite supplies, to anchoring and fastening, masonry suppliers, and more, Ram Tool provides products for General Contractors, Concrete Formers, HVAC, Plumbers, Electricians, and others. Founded in 1967, Ram Tool has locations across the east coast and mid-west and is dedicated to fulfilling all material and equipment job site demands. Ram Tool is a construction supply distribution company headquartered in Birmingham, Alabama. and Canada with more than 7,000 employees and offers nearly 450,000 SKUs to approximately 150,000 customers. White Cap operates more than 400 branches across the U.S. White Cap includes Brafasco, Brock White and NCA in Canada and multiple brands in the U.S. White Cap Supply Holdings, LLC ("White Cap") serves as a one-stop shop providing concrete accessories and chemicals, tools and equipment, building materials and fasteners, erosion and waterproofing and safety products to professional contractors by meeting their distinct and customized supply needs in non-residential, residential and infrastructure end markets. There will be no immediate changes to the services and offerings from White Cap or Ram Tool as the integration of the two businesses is approached thoughtfully over time.ĭebevoise & Plimpton LLP served as legal counsel to White Cap for the transaction and Nelson Mullins Riley & Scarborough LLP served as legal counsel to Ram Tool for the transaction. ![]() "This combination will increase our products, services, and locations to enhance our customer convenience and experience, while bringing together two incredible teams of knowledgeable professionals focused on delivering exceptional customer service," said Alan Sollenberger, President of White Cap. ![]() "White Cap and Ram Tool have an aligned culture centered on service and relationship-building, which makes us excited for everything to come with our combination." "White Cap and Ram Tool drive towards the same mission of providing knowledgeable, customer-centric service to professional contractors for all specialty construction and concrete accessory needs," said John Stegeman, Chief Executive Officer of White Cap. Page Naftel, President of Ram Tool, also joins White Cap as Chief Sales Officer. ![]() This combined business will be led by White Cap CEO John Stegeman and President Alan Sollenberger. 1, 2021 / PRNewswire/ - White Cap Supply Holdings, LLC ("White Cap") has closed on a definitive agreement to acquire Ram Tool Construction Supply Co., LLC ("Ram Tool"). ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |