Company Profile & History
Tundra Oil & Gas is a wholly-owned business of Winnipeg-based James Richardson & Sons, Limited ("JRSL"), a private family company established in 1857. JRSL is a multi-disciplined enterprise with operations in agriculture, food processing, financial services, property management and energy exploration.
Tundra commenced operations in January, 1980 and has been on a growth trajectory by developing new assets and integrating strategic acquisitions. Tundra operates over 95% of its production which currently exceeds 20,000 barrels of light sweet crude oil per day.
Tundra's core properties are located within the Williston Basin in southwestern Manitoba and southeastern Saskatchewan. Together with its wholly-owned subsidiary, Red Beds Resources Limited, a focused approach to exploration and development is applied to core areas. Red Beds is primarily developing oil reserves in the Spearfish formation along the Manitoba-North Dakota border.
Tundra currently employs 200 full-time staff located in three offices: Virden, Manitoba; Calgary, Alberta; and Winnipeg, Manitoba.
Tundra's field office in Virden, Manitoba oversees the day-to-day operation of some 1,800 wells. Virden staff provide technical expertise for all drilling, completions and well tie-in activity, engineering support for facilities optimization, surface leasing, environmental oversight, production and accounting as well as coordinating the company's safety program.
Geological, geophysical, and reservoir engineering support is provided by technical staff located in Calgary, Alberta. Tundra uses the latest technology to explore for and develop assets including 3D and 4D seismic, advanced coring and logging, reservoir characterization and dynamic fluid simulation, and secondary and tertiary recovery mechanisms such as waterflooding and CO2 injection.
As a shipper on the Enbridge Mainline, Tundra markets its own oil as well as third party oil through its truck terminal and storage facility at Cromer, Manitoba. Marketing activities are coordinated by staff located in Calgary.
Corporate head office in Winnipeg provides accounting, mineral leasing, well licensing, and HR support for all offices. All offices have local IT support with oversight from the corporate head office IT group.