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Duvernay Energy Corp.

Duvernay Energy (“DEC”) is an operated, private subsidiary of Athabasca (owned 70% by Athabasca and 30% by Cenovus Energy Inc.). The company is a pure play company that is self-funded with flexible development. Within DEC, we produce light oil and liquids-rich natural gas from unconventional reservoirs. We hold a significant interest in the Duvernay at Greater Kaybob.

There has been over 1,000 wells drilled in the area in the past 10 years, including many on existing DEC lands, providing for a unique low risk development outlook. We own and operate strategic regional infrastructure which provides direct access to end markets.

AOC Light Oil Operations 2022 athabasca oil light oil1


  • ~200,000 gross acres
    • ~46,000 acres 1000% WI operated position
    • ~155,000 acres 30% WI joint venture assets
  • ~500 gross estimated well locations
  • Scalable assets, minimal near-term land expiries and flexible development options
  • Operatorship of strategic infrastructure

bd_alberta_aoc_land_map2_kaybob_jun2024-1 athabasca oil light oil1