Tamarack Valley Energy (TSX: TVE) is a Canadian oil and natural gas exploration and production company with operations based in the Western Canadian Sedimentary Basin. Tamarack’s core portfolio includes large light oil reserves in the Viking and Cardium “oil plays” situated in Central Alberta and Western Saskatchewan. The company also utilizes an enhanced oil recovery (EOR) technique called waterflooding (i.e. water injection) to create pressure in the oil reservoir which forces oil to the wells. Depending on the type of rock formations in the reservoir, waterflooding can be an economical and effective way of increasing the productive life of a well. Tamarack’s waterflood assets include the highly regarded Clearwater heavy oil play.
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By Charles Marleau CIM® and William Mitchell CIM®
By Charles Marleau CIM® and William Mitchell CIM®