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Tuesday, November 6, 2012

PetroBank, PetroBakken

For archival purposes: these two companies operate in Canada but occasionally pop up in links.

After distributing Petrobank's heavy oil business to New Petrobank (a new company), PetroBank and PetroBakken will combine and operate under the name PetroBakken Energy. PetroBakken operations include light-oil Bakken (Saskatchewan) and Cardium (Alberta) plays and conventional light oils in Saskatchewan.

New Petrobank will focus on heavy oil and heavy-oil-related techology.

Bottom line:
  • PetroBakken Energy: Canadian Bakken light oil.
  • New Petrobank: Canadian heavy oil.

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