Tag: Whitecap resources

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 […]