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 at 28,000 boe/d, 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 3,000 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 Enhanced Oil Recovery
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. With essentially all of the asset under enhanced recovery schemes, we currently produce approximately 9,000 boe/d of low decline oil.
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. Producing approximately 1,000 boe/d, 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.
Producing approximately 7,000 boe per day of large oil in place, low decline, medium grade oil under an Enhance Oil Recovery scheme ideally suited for water and polymer flooding.
Central Alberta Midstream and Marketing business with assets consisting of custom treating facilities, truck terminals and a 75km singe shipper pipeline that connects Chauvin to the Hardisty hub.