Light Oil
Within our Light Oil Division, we produce light oil and liquids-rich natural gas from unconventional reservoirs. Our focus is targeting high margin and quick payout opportunities. We hold a 70% operated working interest the Montney at Greater Placid and a 30% non-operated interest the Duvernay at Greater Kaybob.
Our Light Oil Division has a consistent track record of top decile netbacks relative to Canadian peers. We own and operate strategic regional infrastructure which provides direct access to end markets.
MONTNEY AT GREATER PLACID
- 70% WI with stable declines, high margins and flexible future development
- ~80,000 gross perspective operated acres
- ~150 gross future locations
- Infrastructure owned and operated
DUVERNAY AT GREATER KAYBOB
- 30% WI in de-risked resource with spending governed by a strong JV agreement
- ~220,000 gross perspective acres
- ~700 well development inventory
- Scalable asset, minimal near-term land expires and flexible development options
- Infrastructure owned and operated
