Athabasca Oil Corporation

Athabasca Oil Corporation (ATHOF) is an energy company primarily engaged in the exploration, development, and extraction of oil and natural gas resources. Its core activities revolve around light and thermal oil deposits found within Alberta, Canada's productive Western Canadian Sedimentary Basin. The company organizes its operations through two distinct divisions: Thermal Oil and Light Oil. Key operational zones for Athabasca include the Greater Placid and Greater Kaybob areas, situated near Fox Creek in northwestern Alberta, alongside the Leismer and Hangingstone projects located in the Athabasca region of northeastern Alberta. The firm produces a diverse range of hydrocarbons, such as light and medium crude oil, tight oil, conventional and shale natural gas, natural gas liquids, and bitumen, which it extracts from both sand and carbonate rock formations. As of December 31, 2021, Athabasca Oil controlled a significant land position, encompassing approximately 889,000 net acres across various mineral resource leases, licenses, and permits. This total included roughly 347,000 net acres dedicated to oil sands leases and permits. Additionally, the company held about 337,000 net acres of petroleum and natural gas leases in the Athabasca region of northwestern Alberta, with a further 204,000 net acres of petroleum and natural gas leases specifically in northwestern Alberta. The corporation also maintained an ownership stake in approximately 254 gross wells producing bitumen, crude oil, and natural gas. The entity was initially known as Athabasca Oil Sands Corp. before officially changing its name to Athabasca Oil Corporation in May 2012. Founded in 2006, the company's corporate headquarters are located in Calgary, Canada.