ARC Resources is a Canada-based leading gas and oil company and a member of the S&P/TSX 60. The company is listed on the Toronto Stock Exchange under the ticker ARX. The main competitors of the company are Provident Energy Ltd., Pengrowth Energy Corporation, Enerplus Corporation, and others.
Formed in 1996, the ARC Energy Trust was established with the acquisition of a number of properties from Mobil Oil. The company experienced consistent growth and by 2000, it became one of the largest gas and oil royalty trusts in Canada. The same year, the company acquired key producing assets in Alberta. In 2001, the trust acquired Startech Energy, which boosted its production capacity by about 16,000 boe/day. ARC Resources became the first gas and oil trust that eliminated an external management contract along with associated future fees in 2002. In 2011, ARC became a corporation committed to delivering outstanding value and returns to its owners.
A key asset of ARC Resources is the Dawson gas field, which is situated close to Dawson Creek in the northeastern part of British Columbia. Another major asset of the company is Northern Alberta due to the high netbacks, low operating costs, low-risk drilling targets, and a diverse base of non-operated and operated assets. Ante Creek is another major asset, and the company has interest of 97 percent in the gas and oil play situated there. ARC Resources utilizes multistage fracturing to exploit the wells drilled, which has resulted in improved production results. Another key area that presents exciting opportunities is the Redwater oil field. This is one of the most prolific and largest oil discoveries in Canada. The company has managed to increase production through drilling Leduc wells, reactivating old wells, and following good production practices. ARC Resources teams up with Natural Resources Canada and Energy and Environmental Solutions, working jointly on the Heartland Area Redwater Project in the area. The aim is to evaluate and test the porous, water saturated space of the Redwater reef and the possibility to use it for storage space for CO2 emissions.
ATCO Ltd is a corporation based in Alberta, which operates across three key areas – global enterprises, focusing on energy, logistics, technology, and manufacturing; utilities, specializing in distribution and transmission of electricity and natural gas; and power generation. ATCO Ltd is listed on TSX under the ticker ACO.X. Its main competitors are Calpine Corporation, Algeco SA, and Berendsen plc, based in London.
The company was established as Alberta Trailer Hire in 1947 by S.D. Southern and his son Ron Southern in Calgary. Its operations grew in time, and the company moved from renting to selling trailers. It became Alberta Trailer Company, and its name was later changed to ATCO. Its operations expanded to Australia and across the North American continent in the 60s. In the 70s, ATCO established presence in the electricity, petroleum, and natural gas industries.
Today, ATCO Ltd operates through a number of subsidiary companies, among which ATCO Structures and Logistics, Yukon Electrical, ATCO Gas, ATCO Water, and others. ATCO Structures and Logistics features a variety of infrastructure solutions, including site support services, innovative modular facilities, workforce housing, gas turbine systems, and industrial noise reduction systems, among others. ATCO Waters offers comprehensive wastewater and water solutions, together with partnership flexibility and technical knowledge. ATCO I-Tek features a variety of IT solutions and business services, helping clients improve IT security, manage IT costs, and increase productivity. Its services and products include end-to-end managed services, meter data management, asset management, customer care and billing, business critical applications, and hosted solutions.
ATCO Midstream has interests in gas extraction facilities, processing facilities, and natural gas gathering facilities. Northland Utilities is another subsidiary of ATCO Ltd that provides electricity to communities in Dory Point, Hay River, Fort Providence, Trout Lake, and other locations. ATCO Electric provides electricity to customers in Alberta and maintains and operates a reliable and safe system of distribution and transmission lines, which delivers power to towns, cities, Aboriginal communities, businesses, farms, and homes. The company has two subsidiaries, Northland Utilities (Yellowknife) and Northland Utilities (NWT), which serve customers in the northern parts of the country.
Athabasca Oil Corp.is a Calgary-based oil company, which has interests or owns leases in the Athabasca oil sands. The company is traded on TSX under the ticker symbol ATH. The main competitors of Athabasca Oil Sands are Suncor Energy Inc., SilverBirch Energy Corporation, and OPTI Canada Inc., all based in Calgary, Alberta.
The company was established in 2006 with the goal of acquiring and developing high-potential oil sands assets in northern Alberta’s Athabasca region. The company sold assets to PetroChina in 2009, divesting of 60 percent interest in the Dover and Mackay River projects. In early 2010, the company’s IPO was the largest Canadian initial public offering since that of Manulife Financial.
The main oil sands areas are Cold Lake, Peace River, and Athabasca, with the latter deposit being the largest of the three. Formerly known as Athabasca tar sands, the Athabasca oil sands are deposits of heavy crude oil or bitumen, found in the northeastern part of Alberta. The oil sands found within the McMurray Formation are composed of clay minerals, silica sand, crude bitumen, and water. Athabasca Oil Sands Corp owns permits and leases in the region but no commercial developments are operated by the company.
The majority of the company’s resource base is found at the McMurray formation, while the Leduc, Nisku, and Grosmont formations within the company’s leases have large carbonate potential. Athabasca Oil Sands focuses on seven major development and exploration areas, among which MacKay River JV, where it is operating jointly with PetroChina. Other development and exploration areas are Dover West (carbonates and clastics), Grosmont JV (carbonates), Dover JV (clasitcs), and other sites.
The team of the company has expertise and experience in using recovery processes such as SAGD in recovering unconventional oil. In situ developments resemble conventional developments and are less intrusive compared to mining operations. The company plans to produce oil using the SAGD method instead of the opening-pit method used in older mining sites. SAGD projects consume more energy required for steam generation but require less area compared to open-pit projects.
Baytex Energy is a Canada-based exporter, developer, and producer of natural gas and oil, mainly from heavy oil. It makes up 70 percent of the company’s reserves and 67 percent of its production. Assets in British Columbia and Alberta are situated in the Western Canadian Sedimentary Basin. The company also operates in North Dakota, US, outside of Canada. Baytex Energy is listed on TSX and NYSE under the ticker symbol BTE. Its main competitors are Murphy Oil Corporation, Devon Energy Corporation, and Compton Petroleum Corporation.
Established in 1993, during the period 1993 – 2000, the focus of the company was on developing natural gas and light oil containing properties in south-east and north Alberta. Baytex Energy completed the takeover of the natural gas and oil producer Burmis Energy Inc, based in Alberta, in 2008. This takeover increased the daily production of Burmis Energy by 3,650 boe, by giving it control of the Seal property, found in Alberta. In 2009, the company purchased a number of major natural gas and heavy oil assets from True Energy Trust, worth $79.9 million USD. The deal included different properties near Kerrobert and Lloydminster as well as properties in central Alberta.
The natural gas and crude oil operations of Baytex Energy are grouped into 3 business units – United States, Canadian Light Oil and Gas, and Canadian Heavy Oil. Each of the units has its own portfolio of non-operated and operated properties, mineral leases, and development prospects. Within these business units, the company operates with teams of landmen, geoscientists, and engineers. This technical approach aims to result in the evaluation of acquisition, development, and exploration of investment opportunities. Over 70 percent of the company’s current production is concentrated in the Canadian Heavy Oil unit, together with over 73 percent of the company’s oil-equivalent reserves. The Canadian Light Oil and Gas unit specializes in the production of medium gravity and light crude oil, natural gas liquids, and natural gas from different fields found in British Columbia and Alberta. Regarding the United States unit, the company owns significant land positions in the Williston and Powder River basins.
Canadian Natural Resources is one of the Canada's largest natural gas, and petroleum development and production companies. Their main headquarters is located in Calgary, Alberta. Canadian Natural Resources also ranks in the top two hundred and fifty on the Forbes Global 2000 list. Their main operational focus is in the North Seas, the shores of West Africa and Western Canada. Canadian Natural Resources also has field offices in British Columbia, Aberdeen and Scotland.
The growth of Canadian Natural Resources is truly astounding. As of the early 1990's their oil production was at less than 1500 barrels of petroleum per day. Thanks to many smart business acquisitions, revolutionizing their production methods and unheard of growth for Canadian utility businesses, they now produce over half a million barrels of petroleum every day. Every day Canadian Natural Resources supplies over 30 billion dollars of crude oil for petroleum manufacturing.
One of Canadian Natural Resources main focus areas in their business has also been safety and corporate responsibility. They have developed several oil exploration methods that have drastically reduced the risk of damaging the natural resources in which they explore. They have been one of the standards set in the risk assessment of oil exploration and have developed safety auditing procedures that have been adopted by many other oil exploration companies all over the world.
Canadian Natural Resources has developed a water recycling method that has allowed them to reduce their water usage by nearly 90%. Their procedure involves reusing water that has already been used at their plants that is unusable for human, animal or plant consumption but can be used on a continual cycle for oil production.
Canadian Natural Resources has a large investment in the West African offshore oil sites and as such feels a strong responsibility to support and grow the West African communities. Every year they generously donate millions of dollars to the surrounding communities in which they operate in the form of housing and relief aid.
Canadian Oil Sands is a Canada-based company which generates profits from its investment in the Syncrude Project. Its oil sands facility has a capacity of 350,000 barrels and produces high-quality crude oil from oil sands mined at deposits in northern Alberta.
Canadian Oil Sands was established in 1995 and is headquartered in Calgary. Known as Canadian Oil Sands Trust, in 2010, the company changed its name to Canadian Oil Sands. As of 2009, it had probable and proved reserves of over 5 billion barrels of crude oil.
The company engages in upgrading and mining of bitumen and operates bitumen extraction plants, utilities plants, and oil sands mines. A number of companies have ownership in the Syncrude Project, among which Nexen Oil Sands Partnership, Canadian Oil Sands Partnership, and Canadian Oil Sands Partnership. Syncrude Canada Ltd. is tasked with administering the Syncrude Project and operates it on behalf of the owners. The company has an agreement with Imperial Oil Resources, according to which it has access to Imperial’s best practices and expertise, as well as to those of ExxonMobil, its majority owner, in areas such as energy management, environment performance, safety and procurement, and maintenance. The Syncrude Project operates through four main technologies – utilities, upgrading, mining, and extraction. The main activities are mining oil sands, extracting bitumen or raw oil, and upgrading it to light crude oil. During the upgrading process, raw oil is subjected to hydrotreating, hydroprocessing, reblending, and fluid cooking. Oil produced in this way is transported to refineries throughout the United States and Canada. It is ideal for jet fuel, diesel, gasoline, and chemical feedstocks. The lower content of nitrogen and distillate sulphur allows the refiners in North America to meet the strict environmental requirements.
The utilities operations at Syncrude generate mainly electricity and steam, treating water, which is necessary for plant operations. Syncrude not only generates electrical power but exports electricity to the power grid of Alberta.
The main competitors of Canadian Oil Sands are Imperial Oil Limited, Canadian Natural Resources Limited, and Encana Corporation, among others. The company is listed on the TSX under the symbol COS.
Canadian Utilities is a member of ATCO Ltd., which is an Alberta-based corporation, operating in three main areas – utilities, including electricity and natural gas distribution and transmission; power generation; and global enterprises, with companies specializing in technology, energy services, logistics, and industrial manufacturing. Canadian Utilities in listed on TSX under the ticker symbol CU. Its main competitors are Emera Inc, BP NGL, and the AES Corporation.
Eugene Coste created Canadian Western in 1911 which became a sister company of Northwestern Utilities in 1925. It operated under the US holding company International Utilities until 1930 when Canadian Utilities was bought by the Dominion Gas and Electric Company. The majority ownership of the company was transferred from International Utilities in 1980 and was acquired by the Canadian conglomerate ATCO Ltd. Canadian Utilities moved to separate its non-regulated business from its regulated utility business in 1999. Thus, a new subsidiary was formed, CU Inc., which acquired all outstanding obligations and common shares of the regulated subsidiaries.
Canadian Utilities has a number of companies, among which TCO Gas Australia, ATCO Pipelines, ATCO Gas, ATCO Midstream, ATCO Energy Solutions, and others. ATCO Electric serves customers on the territory of east-central and northern Alberta, which is a resource-rich area, and electricity is important for industrial growth. The ATCO Blue Flame Kitchen provides recipes and household advice in Alberta through its learning center, website, and customer advisor service (toll-free). The company offers information on different cooking, household, and daily living topics.
ATCO Power is a construction manager, developer, operator, and owner of environmentally progressive and technologically advanced power generation facilities. The company operates a number of power generation plants, among which the Joffre Cogeneration Plant, the Muskeg River Cogeneration Plant, and the Scotford Cogeneration Plant. ATCO Energy Solutions is engaged in operating, owning, and building hydrocarbon storage facilities, industrial pipelines, and electrical assets. A division of ATCO Energy Solutions, ATCO Water offers industrial and municipal wastewater and industrial solutions. ATCO Midstream offers natural gas storage, processing, and gathering of natural gas, with interests in natural gas processing and gathering facilities as well as gas extraction facilities.
Headquartered in Calgary, Cenovus Energy is an oil company, which was formed in 2009, when EnCana Corporation split into two entities – EnCana, which is a natural gas company, and Cenovus, which is an integrated oil company. After the split, Cenovus acquired assets, which formerly belonged to AEC and PanCanadian Energy Corp., as well as interest in two high-quality refineries. These are Borger in Texas and Wood River near St. Louis.
The company is listed on NYSE and the Toronto Stock Exchange under the symbol CVE. Its main competitors are Shell Canada Limited, Husky Energy Inc., and others.
Cenovus Energy has two main oil sands projects, Christina Lake and Foster Creek, which are located in the northeastern part of Alberta. The oil at Christina Lake and Foster Lake is found at about 350-450 metres below the surface, requiring specialized technology to pump it to the surface. Steam-assisted gravity energy technology is the main method used for these projects, with steam being injected to the reservoir, softening the oil to pump it to the surface.
The company also produces heavy oil at the Pelican Lake operation, which is located north of Edmonton. The Pelican Lake operation is 100 percent-owned, and water and polymer flooding techniques are used to create wells. The Weyburn oilfield is another major oil project in Saskatchewan and among the most prolific oilfields on the territory of Western Canada. The oil recovery method used here is CO2 injection, aiming to increase oil production. This technique is expected to extend the life of the operation by thirty years. In addition, Cenovus Energy has natural gas wells found in the Langevin, Brooks, and Suffield areas.
Technology pays a major role in the company’s operations, specifically in extracting natural gas and oil resources, improving the way of extracting natural resources, and increasing the amount recovered. The main objective in this regard is to implement innovative technologies which will reduce the amount of energy, water, and land used. Due to integration, the company takes pride in having a low risk profile. Its natural oil sands production and gas fuels can be refined and turned into a variety of products, including diesel, gasoline, and other petroleum products.
Crescent Point Energy Trust is a gas and oil production company focusing on the production of crude oil in southern Saskatchewan. Based in Calgary, the company was founded as Crescent Point Energy Ltd in 2001. Crescent Point Energy Corp. was established with the restructuring of two junior gas and oil companies, Tappit Resources Ltd and Crescent Point Energy Ltd, in 2003. The company completed key consolidation acquisitions and acquisitions in 2004, including acquisitions in the southeast part of Saskatchewan. In 2005, the company consolidated its assets in the John Lake area and in Saskatchewan, completing five acquisitions worth about $100 million.
The company’s core operating areas include the Cantuar property, the Battrum property, the John Lake property, and the Lower Shaunavon play. Cantuar is a property in which the company has a 55 percent interest. Crescent Point continues optimizing the reserves and production activities in this area through re-completions, infill drilling, and water flood optimization. One of the major operating areas of the company is the Lower Shaunavon oil pool, which is among the largest oil plays in Canada. In addition, Crescent Point has a 45 percent interest in the Battrum property, which is an oil pool acquired in 2006. In 2009, the company acquired TriAxon Resources Ltd and Wave Energy Ltd., thus gaining a land position in an oil pool found in the Dodsland areas and the Plato in western Saskatchewan. The Viking play is a light oil play and tight rock formation, benefiting from advanced fracture stimulation techniques. Other operating areas are the Manor property and Sounding Lake, which contains natural gas and medium gravity oil. This is the original core property of the company and Crescent Energy has a 90 percent interest in it.
The company employs low-risk large drilling inventory as to maintain its reserves production, and dividends. The reserve life index of the company is 14.3 years. It is listed on TSX under the symbol CPG, and its main competitors are AB Peyto Exploration & Development Corp., Encana Corporation, based in Calgary, and Canadian Natural Resources Limited, among others.
Enbridge Inc. is a Calgary-based company, which focuses on three major activities – green energy, transportation and distribution of natural gas, and liquids and crude oil pipelines. It is listed on the NYSE and TSX under the symbol ENB and was initially established in 1949 as Interprovincial Pipe Line. The original pipeline was built for the transportation of oil from the western part of Canada to refineries found in the east. In 1998, Interprovincial Pipe Line changed its name to Enbridge Pipelines. The name Enbridge is a portmanteau word from energy and bridge.
The largest gas distribution utility in Canada is Enbridge Gas Distribution, which serves northern New York State, southwestern Quebec, and eastern Ontario. The company also has interest in Noverco Inc, a holding company that operates the Gaz Métro Limited Partnership through its subsidiary and is engaged in the distribution of natural gas in Quebec. The company provides gas to residential, commercial, and industrial customers. Enbridge also owns Enbridge Gas New Brunswick, which has the franchise for natural gas distribution in New Brunswick.
The company is also the largest transporter of liquids and crude oil in Canada, exporting over 100 refined products. Enbridge is engaged in the transportation of natural gas all over the North American continent, with the Vector Pipeline providing supplies to end-user customers and for local distribution in Ontario, Michigan, Indiana, and Illinois. Through a gas gatherer and processor of natural gas in Texas, the company connects three major gas development areas in the United States.
The company also operates Enbridge Offshore Pipelines in the Gulf of Mexico, transporting about fifty percent of its natural gas production in the region. Enbridge Offshore Pipelines has interest in a pipeline system of transmission and gathering pipelines in the offshore waters of Mississippi and Louisiana. These pipelines consist of about 1,500 miles of offshore and underwater pipe facilities.
Enbridge also invests in alternative energy products including waste heat recovery facilities and energy recovery and fuel cell equipment. The main competitors of the company are Koch Industries Inc., El Paso Corporation, and Consolidated Edison, Inc.