Pengrowth at a Glance
Pengrowth Energy Corporation is a monthly dividend paying, intermediate Canadian producer of oil and natural gas, headquartered in Calgary, Alberta, Canada.
Pengrowth's focus is on the development of unconventional resource-style plays within the Western Canadian Sedimentary Basin. Pengrowth's projects include the Swan Hills (light oil) play in north-central Alberta, the Olds (light oil/gas) play in south-central Alberta, the Lindbergh (SAGD) project in east-central Alberta, the Bodo (EOR polymer) play in east central Alberta and the Groundbirch (Montney Gas) play in north-eastern British Columbia. Pengrowth shares trade on both the Toronto Stock Exchange under the symbol "PGF" and on the New York Stock Exchange under the symbol "PGH".
As of December 31, 2010, Pengrowth's reserves on a proved plus probable basis were approximately 318 million barrels of oil equivalent and our reserve life index on a proved plus probable basis was 11.1 years.
Our Strategy
Create Value for our shareholders
Focus on developing operated resource plays in the Western Canadian Sedimentary Basin which:
- Focus on large accumulations of oil and gas
- Utiliize new technology to squeeze more from existing pools
- Utilize unconventional technology to known hydrocarbon accumulations to achieve economic production
Ensure financial strength & flexibility
- Strong balance sheet
- Sustainable business model
- Hedge as required
Strive to be the most efficient operator
- Lowest total cost structure
- Focus everyday on being low cost
