July 25, 2014 12:51 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Progress Energy Resources Corp.

Company Overview

Progress Energy Resources Corp. engages in the acquisition, exploration, development, and production of oil and natural gas properties in Canada. The company focuses on natural gas and light oil projects in the Foothills region of northeast British Columbia and the Deep Basin of northwest Alberta. It has 1.9 trillion cubic feet of proved plus probable company interest reserves on a total land position of 1.25 million net acres. The company has a strategic partnership with PETRONAS, to develop Montney shale assets in the Altares, Lily, and Kahta areas in the Foothills of northeast British Columbia. Progress Energy Resources Corp. was founded in 1997 and is headquartered in Calgary, Canada. Pr...

205-5th Avenue SW

Suite 1200

Calgary, AB T2P 2V7

Canada

Founded in 1997

142 Employees

Phone:

403-216-2510

Fax:

403-216-2514

Key Executives for Progress Energy Resources Corp.

Chief Executive Officer
Age: 56
Chief Financial Officer and Senior Vice President of Finance
Executive Vice President of Exploration & Development
Senior Vice President of Production & Facilities
Secretary
Age: 52
Compensation as of Fiscal Year 2014.

Progress Energy Resources Corp. Key Developments

Progress Energy Resources Corp. Presents at 2014 CAPP Scotiabank Investment Symposium, Apr-04-2014 12:30 PM

Progress Energy Resources Corp. Presents at 2014 CAPP Scotiabank Investment Symposium, Apr-04-2014 12:30 PM. Venue: Sheraton Centre Toronto, 123 Queen Street West, Toronto, Ontario, Canada. Speakers: Michael Robert Culbert, Chief Executive Officer, President, Director, Member of Independent Committee, Chief Executive Officer of Progress Energy Ltd, President of Progress Energy Ltd and Director of Progress Energy Ltd.

Progress Energy Resources Corp. Presents at FirstEnergy/Societe Generale East Coast Energy Conference 2014, Mar-13-2014 11:55 AM

Progress Energy Resources Corp. Presents at FirstEnergy/Societe Generale East Coast Energy Conference 2014, Mar-13-2014 11:55 AM. Venue: Waldorf-Astoria Hotel, 301 Park Avenue, New York, NY 10022-6897, United States. Speakers: Michael Robert Culbert, Chief Executive Officer, President, Director, Member of Independent Committee, Chief Executive Officer of Progress Energy Ltd, President of Progress Energy Ltd and Director of Progress Energy Ltd.

Talisman Energy Inc. Completes Sale of 127,000 Net Acres of Montney Position to Progress Energy Canada Ltd

Talisman Energy Inc. announced the completion of the sale of approximately 127,000 net acres of its Montney position in northeast British Columbia to Progress Energy Canada Ltd. for a total cash consideration of CAD 1.5 billion.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 29, 2014
15% Stake in Pacific NorthWest LNG Ltd. and Destined Natural Gas Reserves in British Columbia
Merger/Acquisition
March 25, 2014
Milo-Clarke Lake Properties
Merger/Acquisition
January 9, 2014
Canadian Shale Gas Project
 

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