RENEX Exploration Announces Drill Results At Matawa Place
RENEX Exploration Limited has announced drill results show the potential to expand the historical Matawa Place....
Read MoreWeyburn operations began in 2017, following the success and expansion of RENEX®'s earlier ventures in Kindersley and Swift Current. Located in the southeastern part of Saskatchewan, Weyburn is home to some of the most productive oil reserves in the region, offering significant potential for continued growth and development.
As the youngest RENEX® operation site in Canada, Weyburn has proven itself as one of the most efficient and profitable locations for the company. Advanced technologies such as CO2 Injection, first implemented in Weyburn, have now been implemented in other extraction sites around the world.
With an average extraction of 4,402 barrels of oil per day (BPD) in 2024, Weyburn's five operations play a crucial role in the RENEX® portfolio.
Primary Extraction | Light Crude Oil |
Location Launch Date | 01/10/2017 |
Number of Operations | 5 |
Average Extraction | 4,402 BPD* |
Location Country | Canada |
Estimated End of Life | 2078 |
RENEX® Ownership | 100% |
Weyburn is a significant oil drilling location in Saskatchewan, known for its rich reserves and strong production capacity. The region has been a key player in Canada’s oil industry. Weyburn’s oilfields are among the most productive in the province, and its strategic location, advanced technology, and experienced workforce make it a vital site for both extraction and continued development in the Canadian energy sector.
RENEX®'s five operations in Weyburn have led to global innovation particularly for enhanced oil recovery techniques, including the use of CO2 injection to extract Light Crude Oil. The techniques have reduced the waste potential threefold while increasing the daily extraction amount by 30-40% on average. Thanks to pipelines and transport facilities in the area, RENEX® focusses solely on the extraction of Light Crude Oil in Weyburn.
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Investor RelationsRENEX Exploration Limited has announced drill results show the potential to expand the historical Matawa Place....
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