Crudemonitor.Ca Western Canadian Select (WCS)

Total Page:16

File Type:pdf, Size:1020Kb

Crudemonitor.Ca Western Canadian Select (WCS) CrudeMonitor.ca - Canadian Crude Quality Monitoring Program Page 1 of 2 crudemonitor.ca Home Monthly Reports Tools Library Industry Resources Contact Us Western Canadian Select (WCS) What is Western Canadian Select crude? Western Canadian Select is a Hardisty based blend Canada of conventional and oilsands production managed by Liberia Canadian Natural Resources, Cenovus Energy, Manilol Suncor Energy, and Talisman Energy. Argus has sti. launched daily volume-weighted average price ibia Saskalchewan Edmon-i t indexes for Western Canadian Select (WCS) and will publish this index in the daily Argus Crude and Argus Americas Crude publications. Calgary Winnipt Map data ©2013 Google Most Recent Sample Comments: Light Ends Summary Last 6 Samples WCS-807, Sep 17, 2013 Most Property 6 Month 1 Year 5 Year Recent The September 17th sample of Western Canadian ( vol% ) Average Average Average Select contained slightly elevated density, Sample sulphur, MCR, BTEX and C7 x C10 concentrations, C3- 0.04 0.05 0.06 0.06 while butanes and pentanes were slightly Butanes 1.04 1.68 1.82 2.02 decreased. Simulated distillation results indicate Pentanes 3.56 4.76 4.87 4.44 an increase in the residue fraction. Hexanes 3.86 4.10 4.21 3.94 Monthly Reports Heptanes 3.70 3.00 2.96 2.82 Octanes 3.08 2.27 2.14 2.12 Basic Analysis Nonanes 2.36 1.72 1.57 1.50 Decanes 1.27 0.89 0.82 0.72 Most 6 Month 1 Year 5 Year Property Recent Average Average Average Sample BTEX H Density (kg/m3) 934.5 929.6 928.3 929.2 Most 6 Gravity (oAPI) 19.8 20.6 20.8 20.7 Property 1 Year 5 Year Recent Month 0 (vol%) Average Average Sulphur ( wt o) 3.71 3.53 3.51 3.52 Sample Average MCR (wt%) 10.20 10.02 9.84 9.71 Benzene 0.18 0.17 0.18 0.16 Sediment (ppmw) 305 302 296 329 Toluene 0.41 0.33 0.32 0.30 TAN (mgKOH/g) 0.94 0.91 0.93 0.94 • Ethyl Benzene 0.09 0.07 0.06 0.06 Salt (ptb) 28.0 30.9 46.4 Xyl enes 0.45 0.33 0.30 0.29 Nickel (mg/L) 62.7 60.7 59.0 Vanadium (mg/L) 147.0 143.7 141.8 Olefins (wt%) ND ND Distillation *ND indicates a tested value below the instrument threshold. ASTM D2892& TBP Select an assay date... ^ D5236 Most Recent Sample HTSD ASTM D7169 Trend Charts Open fullscreen charts Historical Average Choose a property: Density (kg/mA3) T Export Western Canadian Select Data iLjpU EH Select all properties for export •Tr: rn II or select specific properties using adjacent checkboxes Export custom report in xls: Download Download PDF: 0 Select sample date... • Download http://www.crudemonitor.ca/crude.php?acr=WCS 11/15/2013 CrudeMonitor.ca - Canadian Crude Quality Monitoring Program Page 2 of 2 Western Canadian Select Density (kg/mA3) vsTime Download Spiral Software format: 938 Select sample date... •»" M 936- Download a full tarball of mySQL files 934 • ftx 932 MySQL. 930 9£S e-m ail: Crude Quality Inc. phone: +1 (780) 757-9909 #201, 17850 105 Avenue © 2013 CrudeMonitor.ca Maintained by Crude Quality Inc. Edmonton, Alberta Canada T5S 2H5 JanSOOS Mar £007 War y 2009 Jul 201 I Sep 2013 http://www.crudemonitor.ca/crude.php?acr=WCS 11/15/2013 .
Recommended publications
  • Cenovus Reports Second-Quarter 2020 Results Company Captures Value by Leveraging Flexibility of Its Operations Calgary, Alberta (July 23, 2020) – Cenovus Energy Inc
    Cenovus reports second-quarter 2020 results Company captures value by leveraging flexibility of its operations Calgary, Alberta (July 23, 2020) – Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) remained focused on financial resilience in the second quarter of 2020 and used the flexibility of its assets and marketing strategy to adapt quickly to the changing external environment. This positioned the company to weather the sharp decline in benchmark crude oil prices in April by reducing volumes at its oil sands operations and storing the mobilized oil in its reservoirs for production in an improved price environment. While Cenovus’s financial results were impacted by the weak prices early in the quarter, the company captured value by quickly ramping up production when Western Canadian Select (WCS) prices increased almost tenfold from April to an average of C$46.03 per barrel (bbl) in June. As a result of this decision, Cenovus reached record volumes at its Christina Lake oil sands project in June and achieved free funds flow for the month of more than $290 million. “We view the second quarter as a period of transition, with April as the low point of the downturn and the first signs of recovery taking hold in May and June,” said Alex Pourbaix, Cenovus President & Chief Executive Officer. “That said, we expect the commodity price environment to remain volatile for some time. We believe the flexibility of our assets and our low cost structure position us to withstand a continued period of low prices if necessary. And we’re ready to play a significant
    [Show full text]
  • Cenovus Energy Inc. (CVE) – Quality and Growth for the Patient Investor
    Portfolio Advisory Group Cenovus Energy Inc. (CVE) – Quality and Growth For The Patient Investor Cenovus was created through the split of Calgary-based Primer on the Oil Sands and energy company EnCana into two separate organizations in late 2009. As a result of this split, many Canadian Steam-Assisted-Gravity-Drainage investors found themselves holding two very different (SAGD) investments: a pure-play natural gas company (EnCana) Including the oil sands, Canada’s oil reserves are the and an integrated oil & gas company (Cenovus). This second largest in the world. Oil sands are composed document aims to provide some insight into the nature primarily of sand, clay, bitumen and water. Bitumen and long-term potential of Cenovus. is the product of oil sands production – a thick oil Cenovus owns oil sands projects that have a tremendous embedded in sand. growth profile over the next decade and are widely Recovery of bitumen is typically achieved by one of viewed as some of the highest-quality assets in the two methods: mining in open pits or drilling. Bitumen industry. However, since inception, the shares of extraction using drilling is referred to as in situ recovery, Cenovus have largely traded within a range. One reason and is generally used for reservoirs that are too deep for is that the company has made a trade-off between near- surface mining techniques to work economically. It is term and future production by drawing cash flows from estimated that approximately 80% of the total bitumen its natural gas business to fund growth in its oil sands recoverable in Alberta can only be produced with in business.
    [Show full text]
  • Initial Project Description Summary
    SUNCOR ENERGY INC. Base Mine Extension INITIAL PROJECT DESCRIPTION SUMMARY February 2020 SUNCOR ENERGY INC. Base Mine Extension - Initial Project Description Summary February 2020 This Page Intentionally Left Blank SUNCOR ENERGY INC. Base Mine Extension - Initial Project Description Summary February 2020 EXECUTIVE SUMMARY Suncor Energy Inc. (Suncor) is submitting a proposal to develop the Base Mine Extension Project (the Project). All plausible pathways to address global emissions need energy from fossil fuels and Suncor views Canada’s world class, strategic oil sands resource as a key part of the energy future for decades to come. Commensurate with Canada’s ambitions, Suncor is committed to a long-term strategy of reducing absolute emissions. With the innovation we are known for, Suncor can provide the world with trusted low carbon energy. Suncor has invested billions of dollars in infrastructure that produces value added products to meet the energy needs of Albertans and Canadians. This Project is necessary to continue to add value with this infrastructure. The bitumen from this project will be used to supply the existing upgraders at Suncor’s Oil Sands Base Plant operations (Base Plant), when the existing mines are depleted. The Project is adjacent to Base Plant and includes an open pit mining operation and extraction facilities. Production is expected to be nominally 225 thousand barrels per day of replacement bitumen during its estimated 25-year operational life. The Project application will be based on best-available technology. In parallel, Suncor is developing new technologies, such as non-aqueous extraction. These new technologies have the potential to significantly reduce the overall footprint, reclamation timeline, and GHG emissions of mining and will be incorporated as appropriate.
    [Show full text]
  • Cenovus Completes Acquisition of Assets in Western Canada from Conocophillips
    Cenovus completes acquisition of assets in Western Canada from ConocoPhillips Calgary, Alberta (May 17, 2017) – Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has closed its previously announced purchase of assets in Western Canada from ConocoPhillips after receiving all necessary regulatory approvals for the transaction. The acquired assets include ConocoPhillips’ 50% interest in the FCCL Partnership, the oil sands venture which was jointly owned with and operated by Cenovus, as well as the majority of ConocoPhillips’ Deep Basin conventional assets in Alberta and British Columbia. “With the completion of this transformational deal, we now have full control of our best-in- class oil sands projects and an exciting new growth platform in the Deep Basin that provides us with significant short-cycle development opportunities to complement our long-term oil sands growth portfolio,” said Brian Ferguson, Cenovus President & Chief Executive Officer. “As a result of this transaction, we’ve now doubled our production and reserves base.” In the coming months, Cenovus will remain firmly focused on: • Continuing to safely and reliably operate all of its assets • Efficiently integrating the Deep Basin assets and staff into the company • Deleveraging its balance sheet, including using the proceeds of planned divestitures, such as the sale of the company’s Pelican Lake and Suffield assets, which are currently being marketed. Cenovus intends to provide an update on its investment plans for its consolidated oil sands business and newly acquired Deep Basin
    [Show full text]
  • Suncor Q3 2020 Investor Relations Supplemental Information Package
    SUNCOR ENERGY Investor Information SUPPLEMENTAL Published October 28, 2020 SUNCOR ENERGY Table of Contents 1. Energy Sources 2. Processing, Infrastructure & Logistics 3. Consumer Channels 4. Sustainability 5. Technology Development 6. Integrated Model Calculation 7. Glossary SUNCOR ENERGY 2 SUNCOR ENERGY EnergyAppendix Sources 3 202003- 038 Oil Sands Energy Sources *All values net to Suncor In Situ Mining Firebag Base Plant 215,000 bpd capacity 350,000 bpd capacity Suncor WI 100% Suncor WI 100% 2,603 mmbbls 2P reserves1 1,350 mmbbls 2P reserves1 Note: Millennium and North Steepank Mines do not supply full 350,000 bpd of capacity as significant in-situ volumes are sent through Base Plant MacKay River Syncrude 38,000 bpd capacity Syncrude operated Suncor WI 100% 205,600 bpd net coking capacity 501 mmbbls 2P reserves1 Suncor WI 58.74% 1,217 mmbbls 2P reserves1 Future opportunities Fort Hills ES-SAGD Firebag Expansion Suncor operated Lewis (SU WI 100%) 105,000 bpd net capacity Meadow Creek (SU WI 75%) Suncor WI 54.11% 1,365 mmbbls 2P reserves1 First oil achieved in January 2018 SUNCOR ENERGY 1 See Slide Notes and Advisories. 4 1 Regional synergy opportunities for existing assets Crude logistics Upgrader feedstock optionality from multiple oil sands assets Crude feedstock optionality for Edmonton refinery Supply chain Sparing, warehousing & supply chain management Consolidation of regional contracts (lodging, busing, flights, etc.) Operational optimizations Unplanned outage impact mitigations In Situ Turnaround planning optimization Process
    [Show full text]
  • Suncor Energy – Investor Presentation 2019 Q1
    INVESTOR INFORMATION Q1 2019 Published May 1, 2019 2 Canada’s leading integrated energy company $85B ~940 mbpd ~600 mbpd 28+ years ~460 mbpd ~1750 1 Oil production Heavy upgrading 2P Reserve life Refining nameplate Enterprise value Retail sites4 As at March 31, 2019 nameplate capacity2 nameplate capacity2 index3 capacity2 1, 2, 3, 4 See Slide Notes and Advisories 3 Suncor – A resilient business focused on shareholder returns Cash flow growth Cash generation Strong potential FFO1 increase largely independent of market conditions Significant upside FFO1 sensitivity to WTI, based on TTM5 actuals US$62.80 WTI, 0.76 C$/US$, US$18.00 NYH 3-2-1 crack spread 2 (C$ billion) ~5% CAGR (Based on 2019 price guidance) $16 $14 TTM average production 750 mbbls/d $12 Debottlenecks, $10 cost reductions $8 Fort Hills, and margin Syncrude, improvements $6 and Hebron $4 $5.5B Sustaining capital6 + dividend $2 $2.8B Sustaining capital6 $0 2018 FFO1 Production Free funds flow 2023E FFO1 $60 $63 $70 $75 $80 growth 3 growth4 TTM WTI ($USD) Shareholder returns Resilience Commitment to reliable returns through the commodity cycles Managing the balance sheet as a strategic asset Dividend per share7 Liquidity Buyback per share7,8,9 Anticipated buyback per share7,9 7% $5.3B $1.9B cash and $3.4B in available lines of credit Dividend + buyback yield As at March 31, 2019 — 5% 5% A low Credit rating 1.88 Investment grade 0.85 DBRS (A Low) Stable, S&P(A-) stable, Moody’s (Baa1) Stable 1.14 3% 3% Baa1 WTI FFO Break-Even10 (USD) 1.02 1.14 1.16 1.28 1.44 1.68 ~$45 Sustaining capital6 + dividend 2014 2015 2016 2017 2018 2019E 2019 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 See Slide Notes and Advisories.
    [Show full text]
  • Canadian Crude Oil at Record Discount
    Canadian crude oil at record discount Hilliard MacBeth Hilliard’s Weekend Notebook – Friday October 19, 2018 Richardson GMP World oil prices are at cycle highs recently with the benchmark Brent at US$80 and 10180 101 Street, Suite 3360 the North American West Texas Intermediate (WTI) at US$70. Edmonton, AB T5J 3S4 Tel. 1.780.409.7735 But in Canada, the Western Canada Select (WCS) price is below US$20. Fax 780.409.7777 www.TheMacBethGroup.com This gap of US$50 to WTI is shocking. Hilliard MacBeth Will the price for a key Canadian energy export recover soon enough to save the Director, Wealth Management industry? Portfolio Manager Tel. 780.409.7740 Source: Bloomberg Rising production from oil sands along with a lack of pipeline capacity to move that product to the US market gets the blame for this extremely low price. On October 12, the price for WCS fell to US$15.97, as of yesterday the price has returned to US$19.75. Source: OilPrice.com One solution that should have been in place by now is the Keystone XL pipeline that was approved years ago but keeps hitting new roadblocks. This pipeline is the 4th phase of an existing pipeline system that moves crude to the US refineries that are well-suited to handle Alberta’s heavy crude. The new XL phase would handle an additional 830,000 barrels per day but won’t be on line until 2021, if it goes ahead. Nebraska’s highest court has yet to rule on another legal challenge to the route.
    [Show full text]
  • Suncor Energy Announces Successful Acquisition of 72.9% of Canadian Oil Sands Shares
    News Release FOR IMMEDIATE RELEASE Suncor Energy announces successful acquisition of 72.9% of Canadian Oil Sands shares (All dollar amounts referenced are in Canadian dollars) Calgary, Alberta (Feb. 5, 2016) – Suncor announced today that approximately 72.9 per cent of Canadian Oil Sands shares (“COS”) equating to 353,307,264 common shares and accompanying rights have been tendered to Suncor's Offer. Suncor will take up all tendered shares and those shares will be paid for in accordance with the terms of the Offer, initially made October 5, 2015 and most recently amended January 22, 2016. All shares tendered were held by "Independent Shareholders" as such term is defined by the COS shareholder rights plan dated December 31, 2010 as amended April 30, 2013 (the “COS Rights Plan”). “We’re pleased with the strong level of support from COS shareholders,” said Steve Williams, president and chief executive officer. “From the outset, we’ve spoken about the excellent value this offer creates for both COS and Suncor shareholders and I’m looking forward to delivering on that commitment.” In accordance with the "Permitted Bid" requirements of the COS Rights Plan and the terms of the Offer, Suncor has extended its Offer to Monday, February 22, 2016 at 5:00 p.m. MT (7:00 p.m. ET) so that COS shareholders who have not yet tendered their shares can do so. Further extensions beyond February 22, 2016 are not anticipated. COS shareholders who tendered to the Offer will receive 0.28 of a common share of Suncor for each share, which will be paid in accordance with the terms of the Offer.
    [Show full text]
  • Athabasca Oil Corporation Takes Further Actions in Response to The
    FOR IMMEDIATE RELEASE ‐ April 2, 2020 Athabasca Oil Corporation Takes Further Actions in Response to the Current Environment CALGARY – Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is taking further immediate actions in response to the significant decline in global oil prices to bolster balance sheet strength and corporate resiliency. Shut‐in of Hangingstone Asset Due to the significant decline in oil prices combined with the economic uncertainty associated to the ongoing COVID crisis, Athabasca has decided to suspend the Hangingstone SAGD operation. This suspension was initiated on April 2, 2020 and will involve shutting in the well pairs, halting steam injection to the reservoir, and taking measures to preserve the processing facility and pipelines in a safe manner so that it could be re‐started at a future date when the economy has recovered. The Hangingstone asset has an operating break‐even of approximately US$37.50 Western Canadian Select and this action is expected to significantly improve corporate resiliency in the current environment. As part of this action, Athabasca is reducing its corporate staff count by 15%. Hangingstone was Athabasca’s first operated oil sands project that began construction in 2013 and was commissioned in 2015. The Company would like to thank all staff that have worked hard over the years to bring this asset on stream. It is unfortunate that made‐in‐Alberta assets like Hangingstone cannot continue operations under current prices. Revised 2020 Guidance Annual corporate guidance is 30,000 – 31,500 boe/d and reflects a ~2,500 boe/d reduction related to the shut‐in.
    [Show full text]
  • U.S.-Canada Cross- Border Petroleum Trade
    U.S.-Canada Cross- Border Petroleum Trade: An Assessment of Energy Security and Economic Benefits March 2021 Submitted to: American Petroleum Institute 200 Massachusetts Ave NW Suite 1100, Washington, DC 20001 Submitted by: Kevin DeCorla-Souza ICF Resources L.L.C. 9300 Lee Hwy Fairfax, VA 22031 U.S.-Canada Cross-Border Petroleum Trade: An Assessment of Energy Security and Economic Benefits This report was commissioned by the American Petroleum Institute (API) 2 U.S.-Canada Cross-Border Petroleum Trade: An Assessment of Energy Security and Economic Benefits Table of Contents I. Executive Summary ...................................................................................................... 4 II. Introduction ................................................................................................................... 6 III. Overview of U.S.-Canada Petroleum Trade ................................................................. 7 U.S.-Canada Petroleum Trade Volumes Have Surged ........................................................... 7 Petroleum Is a Major Component of Total U.S.-Canada Bilateral Trade ................................. 8 IV. North American Oil Production and Refining Markets Integration ...........................10 U.S.-Canada Oil Trade Reduces North American Dependence on Overseas Crude Oil Imports ..................................................................................................................................10 Cross-Border Pipelines Facilitate U.S.-Canada Oil Market Integration...................................14
    [Show full text]
  • Canadian Crude Oil and Natural Gas Production and Supply Costs Outlook (2016 – 2036)
    Study No. 159 September 2016 CANADIAN CANADIAN CRUDE OIL AND NATURAL GAS ENERGY PRODUCTION AND SUPPLY COSTS OUTLOOK RESEARCH INSTITUTE (2016 – 2036) Canadian Energy Research Institute | Relevant • Independent • Objective CANADIAN CRUDE OIL AND NATURAL GAS PRODUCTION AND SUPPLY COSTS OUTLOOK (2016 – 2036) Canadian Crude Oil and Natural Gas Production and Supply Costs Outlook (2016 – 2036) Authors: Laura Johnson Paul Kralovic* Andrei Romaniuk ISBN 1-927037-43-0 Copyright © Canadian Energy Research Institute, 2016 Sections of this study may be reproduced in magazines and newspapers with acknowledgement to the Canadian Energy Research Institute September 2016 Printed in Canada Front photo courtesy of istockphoto.com Acknowledgements: The authors of this report would like to extend their thanks and sincere gratitude to all CERI staff involved in the production and editing of the material, including but not limited to Allan Fogwill, Dinara Millington and Megan Murphy. *Paul Kralovic is Director, Frontline Economics Inc. ABOUT THE CANADIAN ENERGY RESEARCH INSTITUTE The Canadian Energy Research Institute is an independent, not-for-profit research establishment created through a partnership of industry, academia, and government in 1975. Our mission is to provide relevant, independent, objective economic research in energy and environmental issues to benefit business, government, academia and the public. We strive to build bridges between scholarship and policy, combining the insights of scientific research, economic analysis, and practical experience. For more information about CERI, visit www.ceri.ca CANADIAN ENERGY RESEARCH INSTITUTE 150, 3512 – 33 Street NW Calgary, Alberta T2L 2A6 Email: [email protected] Phone: 403-282-1231 Canadian Crude Oil and Natural Gas Production and Supply Costs Outlook iii (2016 – 2036) Table of Contents LIST OF FIGURES ............................................................................................................
    [Show full text]
  • Facts About Alberta's Oil Sands and Its Industry
    Facts about Alberta’s oil sands and its industry CONTENTS Oil Sands Discovery Centre Facts 1 Oil Sands Overview 3 Alberta’s Vast Resource The biggest known oil reserve in the world! 5 Geology Why does Alberta have oil sands? 7 Oil Sands 8 The Basics of Bitumen 10 Oil Sands Pioneers 12 Mighty Mining Machines 15 Cyrus the Bucketwheel Excavator 1303 20 Surface Mining Extraction 22 Upgrading 25 Pipelines 29 Environmental Protection 32 In situ Technology 36 Glossary 40 Oil Sands Projects in the Athabasca Oil Sands 44 Oil Sands Resources 48 OIL SANDS DISCOVERY CENTRE www.oilsandsdiscovery.com OIL SANDS DISCOVERY CENTRE FACTS Official Name Oil Sands Discovery Centre Vision Sharing the Oil Sands Experience Architects Wayne H. Wright Architects Ltd. Owner Government of Alberta Minister The Honourable Lindsay Blackett Minister of Culture and Community Spirit Location 7 hectares, at the corner of MacKenzie Boulevard and Highway 63 in Fort McMurray, Alberta Building Size Approximately 27,000 square feet, or 2,300 square metres Estimated Cost 9 million dollars Construction December 1983 – December 1984 Opening Date September 6, 1985 Updated Exhibit Gallery opened in September 2002 Facilities Dr. Karl A. Clark Exhibit Hall, administrative area, children’s activity/education centre, Robert Fitzsimmons Theatre, mini theatre, gift shop, meeting rooms, reference room, public washrooms, outdoor J. Howard Pew Industrial Equipment Garden, and Cyrus Bucketwheel Exhibit. Staffing Supervisor, Head of Marketing and Programs, Senior Interpreter, two full-time Interpreters, administrative support, receptionists/ cashiers, seasonal interpreters, and volunteers. Associated Projects Bitumount Historic Site Programs Oil Extraction demonstrations, Quest for Energy movie, Paydirt film, Historic Abasand Walking Tour (summer), special events, self-guided tours of the Exhibit Hall.
    [Show full text]