PetroBakken Energy Ltd.
PetroBakken Energy is developing its holdings in the Bakken oil shale play in southeast Saskatchewan. Formerly an oil and gas explorer and producer in Alberta and Saskatchewan, in 2009 PetroBakken Energy Ltd. (as TriStar Oil and gas) combined with the Canadian business unit of Petrobank Energy and Resources to form PetroBakken Energy, solely focused on the Bakken Shale play. PetroBakken Energy has estimated proved plus probable reserves of 127 million barrels of oil equivalent, and produces about 37,000 barrels per day. Petrobank Energy controls about two-thirds of the company. In 2010 PetroBakken Energy agreed to buy Canadian junior oil and gas firms Berens Energy for $319 million and Result Energy for $480 million.
Contact Details
Executives
Chairman and CEO
John D. Wright
President and COO
R. Gregg Smith