Strathcona Resources Ltd

Strathcona Resources Ltd. operates as an oil and gas producers with operations which focuses on thermal oil, enhanced oil recovery and liquids-rich natural gas. The firm operates through three business segments, which include Cold Lake, Lloydminster Thermal, and Lloydminster Conventional. The Cold Lake segment includes the development and production of bitumen in the Cold Lake region of Northern Alberta. The Lloydminster Thermal segment includes the development and production of heavy oil through thermal steam-assisted gravity drainage methods in Southwest Saskatchewan. The Lloydminster Conventional segment includes the development and production of heavy oil through both conventional and enhanced oil recovery initiatives primarily in Southeast Alberta and Southwest Saskatchewan. The Company’s property, plant and equipment include oil and natural gas properties. The company also engages independent reserve engineers to estimate oil and natural gas reserves using estimates, assumptions and engineering data.