Wednesday, June 03, 2015

Challenging environment, but still a money-maker finds Alberta Oil top 200

In the face of slumping oil prices and astounding political change in the oil patch, Alberta Oil magazine, published by Venture Publishing, decided to up the ante by expanding its annual review from 150 to 200 companies reflecting the entire sector. The list was unveiled today at a luncheon in Calgary.

The list is of  the biggest producers, midstream and service companies by revenue. The companies on this year’s list had combined revenues of just more than $332 billion and saw an average growth rate of 11.8 per cent and an increase of assets by 10.7 per cent.
"This year's expanded list really showcases the depth and breadth of Canada's energy sector," says Max Fawcett, editor of Alberta Oil.  "And our four top companies demonstrate that even in a challenging commodity environment it's possible to grow, expand and make money." 
The four companies highlighted as the "best of the best" are
• Top Oil Producer – Raging River Exploration  • Top Gas Producer – Tourmaline Oil• Top Midstream Company – AltaGas• Top Service Company – Calfrac Well Services
The magazine has created a comprehensive online package with a searchable database to complement the  printed issue.  

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