Focused on Value Creation
With productive assets in Alberta and Saskatchewan, we are a low-cost operator, focused on scalable, long-term profitability.
The established Viking oil play is a low-risk resource with a significant amount of reserves, with only about 2 percent recovery to date of the original oil in place. In southwestern Saskatchewan, Teine Energy is the Viking’s largest producer, with thousands of low-risk, repeatable drilling locations identified on our 800,000 net acres of land. This accounts for about one-third of all Viking production.
Our activity in Viking – approximately 3,600 horizontal locations – represents over 15 years of drilling at current activity levels and positions Teine to continue expanding profitability through efficiencies in cost structure, increasing well productivity, and improved reservoir recovery.
Bakken Heavy Oil
Teine Energy operates in the western Saskatchewan portion of the Bakken Formation – just a fraction of the overall formation, which stretches into Manitoba, Montana, and North and South Dakota. This heavy oil asset currently produces about 7,000 boe/d, with a significant portion of our oil production under secondary waterflood.
Our position in the Bakken is a low-viscosity oil ideally suited for water and polymer flooding, providing low-decline production with minimal maintenance capital requirements.
Teine Energy is strategically positioned in Canada’s first shale oil play, in the light oil of the Duvernay. With a significant inventory on a highly prospective acreage, we see the potential for a multi-generational commitment to this area.
We control over 300,000 acres within the light oil window of the Duvernay formation. Our land is strategically situated between two large energy service hubs with pre-existing egress to the Edmonton refining hub.