grizzly oil sands ownership

Newspapers Limited, One Yonge Street, 4th floor, Toronto, ON, M5E 1E6. In addition to its investment in Grizzly, Gulfport has operating assets in southern Louisiana and the Utica Shale of Eastern Ohio, with first quarter 2014 production average of approximately 27,000 barrels per day. © 2013 Grizzly Oil sands ULC. President Serge Bisson of privately held Grizzly Oil Sands ULC says the company will now meet with its owners, Wexford Capital LP with 75 per cent and Gulfport Energy Corp. with 25 … All rights reserved. Grizzly Oil Sands ULC is a full-cycle in situ oil sands project developer that is advancing the SAGD recovery model through facility design innovation and phased development centred on Grizzly’s unique ARMS concept. Grizzly has assembled a portfolio of oilsands leases in excess of 800,000 acres in the Athabasca, Peace River and Cold Lake regions. All rights reserved. regulatory application for May River SAGD. Grizzly began an active lease acquisition program shortly after being founded and acquired numerous prospective leases in the 2006-2008 period. Grizzly's first ARMS plant is under construction for Phase 1 of its Algar Lake SAGD Project which is currently on budget and on schedule for first production in early 2013. It also requires federal approvals to proceed. Grizzly's Chief Executive Officer, John Pearce, commented, "The May River property adds substantially to the magnitude and quality of Grizzly's existing portfolio of projects which, upon completion of the transaction, will include approximately 800,000 net acres of oil sands leases and nearly 3 billion barrels of reserves and resources. Grizzly Oil Sands finds the sweet spot with incorporation of crude-by-rail. Gulfport Energy Corporation. Suncor (Total does have a 29.2% stake in the upcoming Fort Hills Mine), … The smaller mines produce up to 100,000 barrels a day, while the largest mines can produce almost 300,000 barrels of oil in a day. Gulfport owns 25 percent of Grizzly. to colleagues, clients or customers, or inquire about Powered by, Gulfport Energy Corporation Reports Second Quarter 2020 Financial and Operating Results, Gulfport Energy Corporation Schedules Second Quarter 2020 Financial and Operational Results Conference Call, 46,720 acres (18,250 hectares) of 100% working interest oil sands leases in the Athabasca oil sands area, 90.6 million barrels of Proved + Probable (2P) reserves and 624.1 million barrels of Best Estimate (P50) Contingent Resource based upon steam assisted gravity drainage ("SAGD") development. Wexford’s investments range from the Gulf of Mexico to the Utica shale play in Ohio to emerging international energy markets such as Thailand. © 2013 Grizzly Oil sands ULC. PitchBook is a financial technology company that provides data on the capital markets. To explore Grizzly Oil Sands‘s full profile, request access. Toronto Star articles, please go to:, The Toronto Star and, each property of Toronto Star Gulfport owns 25 percent of Grizzly. Grizzly has delineated three key properties. OKLAHOMA CITY, Feb. 28, 2012 (GLOBE NEWSWIRE) -- Grizzly Oil Sands ULC ("Grizzly"), a company in which Gulfport Energy Corporation (Nasdaq:GPOR) holds an approximate 25% interest, announced today that it has closed the acquisition of the May River property from Petrobank Energy and Resources Ltd. for gross cash proceeds of Cdn $225 million. The May River Project would initially produce about 12,000 barrels of bitumen per day, perhaps as early as 2023. PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Owners At The Same Street Address. To order copies of

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