Richard Oil And Gas
High Quality
Energy Resources
Richard oil and gas is a liquids-weighted intermediate producer involved in the development of Canada's most active resource plays (Duvernay and Oil Sands). We offer investors excellent exposure to oil prices and are focused on maximizing profitability through prudent capital activity across a diversified asset base.
High Quality
Energy Resources
Our strategy is intended to ensure both Light Oil and Thermal Oil are financially robust and competitive, with exceptional future growth opportunities. Our strategic emphasis is to maximize shareholder returns by achieving top tier margins across the business and generating free cash flow into the future.
OUR STRATEGY IS GUIDED BY:
WHY OWN RICHARD OIL AND GAS?
PREDICTABLE, LOW DECLINE THERMAL OIL BUSINESS
Strong netbacks
Low sustaining capital requirements
1 billion boe 2P reserves underpins long reserve life
DE-RISKED LIGHT OIL BUSINESS WITH FLEXIBLE CAPITAL
Strong netbacks
Large inventory in the Montney & Duvernay; ~850 gross locations
STRONG FINANCIAL CAPACITY
Low net debt
Net cash by year end 2022; 100% of FCF to debt reduction near-term
MANAGING FOR STRONG FREE CASH FLOW
~$180MM FCF in 2022; ~$900MM over 2022-24 at US$85 WTI
Net cash by year end 2022; 100% of FCF to debt reduction near-term
INTEGRATED SUSTAINABILITY
Strong governance; Board oversight of ESG
Committed to reducing emissions; advancing CCUS project with Entropy Inc.
26
Offices Worldwide
10000
Satisfied Employees
126
Refineries & Operations
35
Awards & Recognitions
OUR PARTNERS
