It is about stripping thermal energy out of the formation after all the oil gold rush is gone
So the plan is to use tailing water from base plant, and to inject it down the injector wells of these two well pairs. at the rate of 650-1000 cubes a day per well and produce the heated water via the existing producer. $SU #HOLLER
At this point $SU will just record data from the water and truck it back to base plant, but if #HOLLER works it could recover some of the thermal energy in the formation. that could go to supplement steam gen for newer pads or other uses.
I can already hear the truck drivers talking about how dumb this is, I would not agree but if I were in the field - ya I might think this is stupid. $SU #HOLLER
I just did a quick patent search and it does not appear $SU has filed anything in this area - which is fine we are all about sharing tech
All wells have a lot of variance - but it is staggering how good we have gotten at drilling SAGD wells in the past 20 years.
These have been in operation for 20 years and have only made 2.3 mmbbls between them.
It took a lot of blood, sweet and capital to get good at this. $SU
Weirdly $SU's own site says this is also about disposal of tailings.
Hum... $SU speaking out of both sides of their mouth?
$SU to AER - we will produce almost all the water back
$SU to sustainable investors - this helps solve the tailings problem.
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SBA Capital offers some thoughts on Whitecap’s acquisition of XTO Energy Canada $WCP
Who would have seen this outcome for deals that started in the bar at the Whistler energy conference, probably no one in the room at the time – anyhow; $WCP has a deck out and a call in about an hour – lets go!
Depending on how you count the value of BnD $WCP is paying ~ what $CVE did per flowing BOE for a lot less developed asset, and an asset with a lot move variability and execution risk.
A couple thoughts from my over stimulated mind this AM on the occasion of $POU getting a 10% NCIB approved.
Of their last NCIB they didn’t use much and what was deployed was spend at less than half of todays share price – I like this because it shows they know themselves and aren’t doing a stupid thing like $POU is want to do.
But it raises an interesting question in my mind – $POU has always been a play thing for the plurality owners – could POU use some of it’s cash to lock in a buyback price on it’s shares?