- Connacher Oil and Gas
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Connacher Oil and Gas Limited 
Type Public (TSX: CLL) Industry Oil and Gasoline Founded Calgary, Alberta (1997) Headquarters Calgary, Alberta, Canada Key people Richard A. (Dick) Gusella, Chairman & CEO, Peter D. Sametz, President & COO, Richard R. (Rick) Kines, Vice President, Finance and Chief Financial Officer Products Oil & gas exploration, production, and refining Revenue 
$574.3 million CAN (2010) [1]Website www.connacheroil.com Connacher Oil and Gas Limited (TSX: CLL), is a Calgary, Alberta-based oil company. Connacher’s primary asset is the ownership of 500 million barrels of proved and probable bitumen reserves (as at December 31, 2010)[2] and associated bitumen production of approximately 14,000 barrels per day (bb/d) from two producing steam-assisted gravity drainage (“SAGD”) oil sands plants (Pod One and Algar) on its main Great Divide oil sands lease, situated in the Athabasca oil sands south of Fort McMurray, Alberta[3].
Connacher also holds unconventional crude oil resources and reserves in Central Alberta[4] and owns and operates a 9,500 bb/d heavy oil refinery in Great Falls, Montana[5], U.S.
Contents
Pod One
Great Divide Pod One[6] is Connacher's initial steam-assisted gravity drainage thermal recovery oil sands project. Pod One has a design steam generation capacity of 27,000 bbl/d. At its long-term target peak operating steam-oil ratio of 2.7, Pod One is expected to facilitate production of approximately 1,600 cubic metres (approximately 10,000 bbl/d) of bitumen over a project life of 25 or more years, before provision for turnarounds and minor interruptions.
Algar
Algar[7] is Connacher's second steam-assisted gravity drainage thermal recovery oil sands project. Algar has a steam generation design capacity of 30,000 bbl/d, which, at its long-term target operating steam-oil ratio of 3.0, is expected to facilitate production of approximately 10,000 bbl/d of bitumen over a project life of more than 25 years, before provision for turnarounds and minor interruptions. Algar is located at Great Divide, approximately eight kilometres east of Pod One.
Montana Refining Company
Connacher owns and operates a 9,500 bbl/d heavy oil refinery in Great Falls, Montana[8] , near the U.S.-Canadian border. The company purchased these refining assets in 2006[9]. The refinery makes a range of fuel products, including various grades of gasoline, diesel, jet fuel and distillates. Heavy crude oil processed at the refinery is also suited to the production of high grade asphalt products. Connacher’s refining subsidiary, Montana Refining Company Inc., is a supplier of paving grade asphalt, modified polymer grades and asphalt emulsions for road construction. Products are marketed to retailers in Montana, in neighboring states and in Southern Alberta. The refinery is serviced by truck and rail transport.
Corporate governance
Current members of the board of directors of Connacher Oil and Gas Limited are: Richard A. (Dick) Gusella, Chairman, D. Hugh Bessell, Colin M. Evans, Lead Director, Jennifer K. Kennedy, Stewart D. McGregor, Kelly J, Ogle, Peter D. Sametz and W.C. (Mike) Seth.
References
- ^ "Connacher Oil & Gas 2010 Annual Report". http://www.connacheroil.com/en/investor/cll-2010-ar-web3.pdf.
- ^ "http://www.connacheroil.com/en/investor/cll-2011-02-18.pdf". http://www.connacheroil.com/en/investor/cll-2011-02-18.pdf.
- ^ "Connacher Provides Operational Update". http://www.connacheroil.com/en/investor/cll-2011-09-14.pdf.
- ^ "Connacher’s Progress Evident in Q2 2011; Record Bitumen Sales in June at 15,400 Bbl/D; Great Divide Joint Venture Process Underway; Q2 2011 and 1H 2011 Bitumen Production More than Doubled; New Drilling Underway at Twining and Penhold Light Crude Oil Resource Plays; Record Refinery Results". http://www.connacheroil.com/en/investor/cll-2011-08-113.pdf.
- ^ "CONNACHER CLOSES ACQUISITION OF MONTANA REFINING ASSETS AND RELATED FINANCING Calgary,". http://www.connacheroil.com/en/investor/cll-2006-03-31.pdf.
- ^ "Connacher Oil & Gas | Pod One". http://www.connacheroil.com/index.php?page=pod_one.
- ^ "Connacher Oil & Gas | Algar". http://www.connacheroil.com/index.php?page=algar.
- ^ "Connnacher Oil & Gas | Refining". http://www.connacheroil.com/index.php?page=refining.
- ^ "CONNACHER CLOSES ACQUISITION OF MONTANA REFINING ASSETS AND RELATED FINANCING Calgary,". http://www.connacheroil.com/en/investor/cll-2006-03-31.pdf.
External links
- Connacher Oil and Gas Limited - Official website
Categories:- Companies listed on the Toronto Stock Exchange
- Oil companies of Canada
- Natural gas companies of Canada
- Chemical companies of Canada
- Companies established in 1997
- Companies based in Calgary
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