|Exchange:||New York Stock Exchange|
|Stock:||Pengrowth Energy Corp|
|Industry:||Oil & Gas E&P|
|Pengrowth Energy Corp was originally incorporated pursuant to the ABCA on October 4, 2010, as 1562803 Alberta Ltd. and changed its name to Pengrowth Energy Corporation on December 2, 2010. The Company is engaged in the development, production and acquisition of, and the exploration for, oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan and Nova Scotia. The Company operates in Swan Hills Area, Olds Area, Groundbirch and Weyburn. In swan hills area it has a 100 percent Working Interest in both the Judy Creek Beaverhill Lake Unit and the Judy Creek West Beaverhill Lake Unit (oil properties together referred to as ‘Judy Creek’). It also has a 54.4 percent Working Interest in and operates the Judy Creek Gas Conservation Plant that services a number of other properties in the area including Swan Hills, Virginia Hills and South Swan Hills. Judy Creek is located approximately 200 kilometres northwest of Edmonton, Alberta and covers an area of approximately 38,300 acres. Its olds property is located 95 kilometres north of Calgary, Alberta. Its interests include 100 percent ownership in the Olds Gas Field Unit No. 1. In addition, it has a 74 percent average Working Interest in non-unit reserves. The Olds unit produces sour natural gas from the Wabamun Formation, with H2S concentrations ranging from less than one to 35 percent. The non-unit reserves are contained within formations from the Wabamun to the Edmonton group, and are predominantly sweet natural gas. It operate and own 100 percent of the sour gas processing plant at Olds, which processes both its production and third party volumes. Third party volumes represent approximately 35 percent of the total volumes processed. In groundbirch area it has an average 90 percent Working Interest in the Groundbirch properties it acquired in September 2010 from Monterey. The Montney formation, one of the economic gas resource plays in North America, is present across its Groundbirch property which is located approximately 40 kilometres southwest of Ft. St. John, British Columbia and covers an area of approximately 13,440 acres. The Weyburn Unit is located in southeastern Saskatchewan. It holds a 9.76 percent Working Interest in this unit which is operated by a senior producer. The unit produces medium sour crude oil (25° to 34° API) from the Midale carbonate reservoir under waterflood and CO2 EOR miscible flood. The field consists of approximately 600 production wells and 330 injection wells.|
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