Our Conventional Division is comprised of four Regions: Alberta Conventional, West Sask, East Sask, Weyburn

AB Conventional

The Alberta Conventional region is comprised of our Cardium, Charlie Lake and liquids-rich Mannville assets, with our Mannville development primarily targeting the Glauconite formation. These assets are underpinned by well-characterized geology and mature resource delineation, supported by extensive vertical well data. This has enabled the development of a highly repeatable, economically robust drilling inventory. Ongoing value enhancement is driven by the deployment of extended reach horizontal wells and optimized completion strategies, resulting in improved recovery, capital efficiency, and full-cycle returns.

West SASK

The West Saskatchewan region is comprised of the Viking resource light oil play and Southwest Saskatchewan medium oil play.

Whitecap’s assets within the Viking light oil resource play are located in West Central Saskatchewan and are developed with pad-based horizontal drilling of extended reach horizontal wells and multi-stage fracturing. The play is characterized by high netbacks, mature resource delineation, consistent and repeatable well results, short cycle times and significant inventory. With no material facility or marketing constraints, and quick well pay-out metrics in the asset offers flexible opportunities for growth.

Whitecap’s assets within the Southwest Saskatchewan medium oil play are concentrated in the Swift Current and Shaunavon regions and are primarily developed with horizontal wells and multi-stage fracturing. The assets have established infrastructure, low decline oil weighted production and favourable reservoir and fluid characteristics for the implementation of waterflooding and Enhanced Oil Recovery (EOR) with the majority of WCP’s existing production under active waterflood/EOR schemes. On-going value add enhancements include the deployment of extended reach horizontal and evaluation of open hole multi-lateral well applications.

East SASK

The East Saskatchewan region is comprised of the Mississippian light oil play and the Viewfield Bakken light oil resource play. 

Whitecap’s assets within the Mississippian light oil play are located north of Estevan in South East Saskatchewan and are primarily developed with open hole multi-lateral wells targeting multiple flow units within the Frobisher formation. These assets are characterized by 30o – 40o API light oil, the presence of an active regional aquifer resulting in high deliverability and recovery factors, high netbacks and as having established infrastructure. These characteristics in combination with the potential for expanded application of extended reach horizontal and open hole multi-lateral wells position these assets to continue delivering strong single well economic metrics and significant free cash flow. 

Whitecap’s assets within the Viewfield Bakken light oil resource play are located East of Weyburn and North of Estevan in SE Saskatchewan and developed with open hole multi-lateral wells and waterflooding in conjunction with the primary historic method of horizontal wells and multi-stage fracturing. The assets are characterized by light 40o API oil, established infrastructure, high netbacks, mature resource delineation, short cycle times and significant inventory. These characteristics along with the potential application of extended reach horizontal and open hole multi-lateral wells, waterflood expansion and potential for tertiary recovery position the assets position these assets to continue generating significant free cash flow. 

WEYBURN

The Weyburn property is located southeast of Weyburn, Saskatchewan. The Weyburn property is one of the largest Carbon Capture & Utilization Storage “CCUS” projects in the world. This internationally recognized, world class project has safely stored 41 million tonnes of purchased, third party CO2 since 2000. The primary reservoir being developed for CO2 storage is the Midale formation, with secondary focus on the Frobisher. Whitecap has a 65.3% operated working interest in the Weyburn Unit which produces primarily light oil. The Weyburn Unit has been in existence since the 1950’s when it was discovered. Waterflood operations commenced in the 1960’s with CO2 enhanced oil recovery development commencing in 2000. Significant expansion opportunities remain to expand the Weyburn CO2 flood and further support a low 3-5% base decline rate in conjunction with a low maintenance capital requirement.

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