Progress Energy Resources
- Not related to an American energy utility, ProgresS Energy Inc.
Progress Energy Resources Corp. (), is a natural gas weighted exploration and production company based in Calgary, Alberta, Canada. The company has a market capitalization of approximately $1.4 billion.
Profile
Progress Energy employs technical oil and gas expertise within the company. Operations are primarily focused in the foothills and plains of northeast British Columbia and the deep basin of northwest Alberta.
Progress Energy is targeting sustainable reserves and production per share through the utilization of its technical capability and capital investment. Production is expected to be maintained or modestly grown through the reinvestment of approximately 30% of cash flows while distributing the balance to unitholders monthly.
Progress Energy is listed on the Toronto STOCK Exchange under the symbol (). Debentures trade under the symbols () and ().
Corporate governance
Current members of the board of directors of Progress Energy are: David D. Johnson, Donald F. Archibald, John A. Brussa, Frederic C. Coles, Howard Crone, Michael R. Culbert, and Gary E. Perron.
See also
- Oil
- Gas
- Oil well
- Drilling
- OPEC
- List of oil-producing states
External links
fr:Pétro-Canada nl:Petro-Canada