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Similar to Suffield, the province owned the mineral rights while it leased the surface rights to the federal government for use as an air weapons range, part of CFB Cold Lake. The AEC paid $45 per acre for the 1.25 million acres. Private industry again complained about the sale, claiming a fair price was $150 per acre. [19]
Cenovus was formed in 2009 when Encana Corporation split into two distinct companies, [4] with Cenovus becoming focused on oil sands assets.. In 2017, Cenovus purchased ConocoPhillips' 50 percent share of their Foster Creek Christina Lake (FCCL) oil sands projects and most of their conventional assets in Alberta and British Columbia, including the Deep Basin.
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The largest Canadian oil sands deposit, the Athabasca oil sands is in the McMurray Formation, centered on the city of Fort McMurray, Alberta. It outcrops on the surface (zero burial depth) about 50 km (30 miles) north of Fort McMurray, where enormous oil sands mines have been established, but is 400 m (1,300 ft) deep southeast of Fort McMurray.
Pages in category "Companies based in Alberta" ... Vertex Resource Group; X. XL Foods This page was last edited on 30 August 2020, at 20:51 (UTC) ...
The Canadian Association of Petroleum Producers (CAPP), with its head office in Calgary, Alberta, is a lobby group that represents the upstream Canadian oil and natural gas industry. [1] CAPP's members produce "90% of Canada's natural gas and crude oil" [ 2 ] and "are an important part of a national industry with revenues of about $100 billion ...
The Alberta government's Energy and Utilities Board (EUB) estimated in 2007 that about 173 billion barrels (27.5 × 10 ^ 9 m 3) of crude bitumen were economically recoverable from the three Alberta oil sands areas based on then-current technology and price projections from the 2006 market prices of $62 per barrel for benchmark West Texas ...
ATCO was founded in 1947, by S. Don Southern who gave a minority stake to his son Ron Southern, under the name Alberta Trailer Hire, renting fifteen utility trailers in the Calgary area. [4] As the company's operations grew, they also began to sell trailers, first becoming the Alberta Trailer Company, then ATCO.