Tag: Enhanced oil recovery

Cenovus pays off $940 million debt with Weyburn enhanced oil recovery sale

Cenovus pays off $940 million debt with Weyburn enhanced oil recovery sale

Acquisition includes a 62.1% interest in Weyburn(14,600 boe/d) and 200 boe/d of production from other assets Cenovus Energy Inc. agreed to sell its majority interest in the Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan for cash proceeds of $940 million to Whitecap Resources, according to a press release. “We’re pleased with the progress we’ve […]

By November 14, 2017 1 Comments Read More →
EOG Resources says enhanced oil recovery critical to Texas shale production

EOG Resources says enhanced oil recovery critical to Texas shale production

EOG says it has a $15-$20/b cost advantage over the rest of industry, which needs “sustained $60-$65 oil price EOG Resources says it has confirmed success of its internally-developed enhanced oil recover process in the Eagle Ford and Permian shale basins following more than three years of testing in four successful pilot projects with 15 producing wells. These […]