Value Creation Assets

Our Strategy

Building on the successes achieved in 2011, our 2012 capital program will focus on the development of oil & liquids rich gas plays in three key areas: Swan Hills, Lindbergh & Olds.

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Our Focus Areas

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Life, Unconventional

What does it mean for an oil company to focus on "unconventional" plays?

Conventional or Unconventional

Operations

Pengrowth's asset base includes large-scale, long life resources including working interests in six of the nine largest original-oil-in-place pools in the Western Canadian Sedimentary Basin. Our production profile is evenly balanced between crude oil and liquids with a reserve life of over 10 years on a proved plus probable basis. We have a substantial inventory of current well locations and an undeveloped land base totalling approximately 960,000 net acres, which is approximately 41 percent of our total net lands. Pengrowth's focus is to develop projects that represent excellent low cost, low risk drilling opportunities that will provide reserve replacement for Pengrowth for a significant period of time.

Take a look at each of our Value Creation Assets in more detail in the drop down menu on the right.

  • We have some great projects on-the-go. See some of the work we are doing in our video section.

Operations Spotlight

2012 AGM

Details on our 2012 Annual Meeting of Shareholders...

2012 AGM

Reducing Emissions

Olds reduces emissions, boosts production ...

Reducing Emissions

Corporate Presentations

Our most recent corporate presentations...

Corporate Presentations

View our Videos

Learn more about our culture or take a tour of one of our fields...

View our Videos