|
Over time, we have worked to maintain a balanced asset and commodity portfolio. Our assets include a diverse mix of natural gas and oil properties, both operated and non-operated, with no single property comprising more than 15% of total production.
This diversity offers a number of advantages:
- Balanced commodity mix - The prices of natural gas, natural gas liquids and crude oil do not always move in unison, so exposure to all commodity types mitigates risk.
- Predictable base declines - Given our large portfolio and the fact that no one property comprises more than 15% of production, we are able to predict our base decline production levels with a high degree of confidence when planning for the future.
- Expanded opportunity set - We operate approximately 70% of our production volumes and own a large portfolio of properties across all commodity types. A combination of operated and non-operated properties provides exposure to a wider range of opportunities.
- Valuable insights across the industry - Our diverse property base provides a window into a significant number of oil and gas activities in western Canada and the northern United States. This "window" helps us to identify trends and new plays early on and capitalize on these through select acquisition and development opportunities
|
