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Athabasca Oil Corp

Company Summary

Description

Founded in 2006, Athabasca Oil Corporation, an Alberta based company, is focused on the sustainable development of light oil resources in northwestern Alberta and oil sands in the Athabasca region in northeastern Alberta.

Website

https://www.atha.com/about/

Operational Regions

  • Athabasca Oil Sands
  • West Central Alberta Deep Basin

Financial Data:


Tickers:

  • ATH - Toronto Stock Exchange

Firm Transport Commitments

Project: Keystone XL Crude Oil Pipeline
Firm Commitment: 25 M Bbls/d

Project: Trans Mountain Expansion Project (TMEP)
Firm Commitment: 20 M Bbls/d

Recent news

  • 12/20/2023 - Athabasca Oil... (subscriber access)
  • 5/17/2023 - Athabasca Oil Reports... (subscriber access)
  • 3/14/2023 - Athabasca Oil Corp Moves... (subscriber access)
  • 3/3/2023 - Athabasca Oil... (subscriber access)
  • 3/3/2023 - Athabasca Oil Reports... (subscriber access)

Investor Presentations

  • September Investor Presentation
  • 2Q20 Investor Presentation (subscriber access)
  • November 2019 Corporate Update (subscriber access)
  • 2Q19 Investor Presentation (subscriber access)
  • April 2019 Presentation (subscriber access)
  • 4Q18 Investor Presentation (subscriber access)
  • December 2018 Investor Update (subscriber access)
  • September 2018 Investor Presentation (subscriber access)
  • 1Q18 Investor Presentation (subscriber access)
  • March 2018 Corporate Update (subscriber access)
  • NOVEMBER 2017 CORPORATE UPDATE (subscriber access)
  • July 2017 Investor Presentation (subscriber access)
  • 1Q17 Investor Presentation (subscriber access)
  • March 2017 Corporate Update (subscriber access)
  • Investor Presentation - February 2017 (subscriber access)
  • July 2016 Investor Presentation (subscriber access)
  • Athabasca Oil Corp - 2015 Annual Report (subscriber access)

Company Transactions

Date: 4/28/2020
Type: Acquisition

BUYERS:
  • Burgess Energy Holdings LLC
    • SELLERS:
  • Athabasca Oil Corp
    • DETAILS:

    COST: 70 $MM

    NOTES:
    Athabasca Oil Corp. has upsized the prior Contingent Bitumen Royalty with Burgess Energy by $70 million in cash consideration. The deal closed April 28, 2020. The Royalty maintains the same structure as other deals and scales from 0-15% with a WCS benchmark. With prices below $60/bbl WCS the rate is 0% and the minimum 2.5% rate is triggered at $60/bbl WCS with a sliding scale to 15% at $100/bbl WCS.
    REGIONS:
  • Canada

    • Date: 1/16/2019
    Type: Acquisition

    BUYERS:
  • Enbridge Inc.
    • SELLERS:
  • Athabasca Oil Corp
    • ASSETS:
  • Leismer to Cheecham Pipeline
  • Cheecham Terminal (Acq. from Athabasca)
    • DETAILS:

    COST: 265 $MM

    NOTES:
    Enbridge is acquiring existing liquids pipeline and terminal assets connected with Athabasca Oil Corporation's Leismer SAGD oil sands assets for $265 million
    REGIONS:
  • Western Canadian Sedimentary Basin

    • Date: 3/30/2017
    Type: Acquisition

    BUYERS:
  • Athabasca Oil Corp
    • SELLERS:
  • Equinor ASA
  • Statoil Canada
    • ASSETS:
  • Cheecham Terminal (Acq. from Athabasca)
  • Waupisoo Heavy Oil Pipeline
  • Leismer to Cheecham Pipeline
  • Leismer Thermal Oil Project
    • PROJECTS:
  • Leismer Oil Sands Expansion Project
  • Corner Oil Sands Project
    • DETAILS:

    COST: 582 $MM

    VOLUMES: 23.5 M Bbls/d

    NOTES:
    Athabasca Oil Corp. acquired Canadian Thermal Oil assets for purchase price of $582 million from Statoil ASA and its subsidiary Statoil Canada.
    REGIONS:
  • Canada

    • Date: 2/24/2017
    Type: Acquisition

    BUYERS:
  • Burgess Energy Holdings LLC
    • SELLERS:
  • Athabasca Oil Corp
    • DETAILS:

    COST: 90 $MM

    NOTES:
    Athabasca Oil Corp. sold Bitumen royalty interest sale in the Leismer and Corner assets to Burgess Energy Holdings LLC. The deal closed on February 24, 2017.
    REGIONS:
  • Canada

    • Date: 5/13/2016
    Type: Joint Venture

    BUYERS:
  • Athabasca Oil Corp
  • Murphy Oil Corporation
    • ASSETS:
  • Athabasca Greater Kaybob Duvernay Field
  • Athabasca Placid Montney Field
    • DETAILS:

    COST: 486 $MM

    NOTES:
    JV to develop assets in the regions mentioned
    REGIONS:
  • Athabasca Oil Sands
  • Duvernay Formation
  • Montney Formation