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Operating Activities

Since the formation of Harvest in 2002, we have followed our value principles and successfully assembled a unique suite of assets that would be very difficult, if not impossible, to replicate today. Further, we have structured our organization to benefit from vertical integration, and as a result, have a unique inventory of future internal development opportunities across the energy spectrum in which we can invest to generate attractive rates of return. Harvest is well positioned to benefit from exposure to exploration and production activities.

Upstream Business Segment – Western Canada

Upstream Highlights

  • Oil weighted asset base with significant original-oil-in-place (OOIP) and low recoveries to date
  • Year end 2014 reserves of 427.3 mmboe P+P and 208.3 mmboe Proved

  • Year end 2014 reserves including Harvest's share of the Deep Basin Partnership ("DBP"):

    • 444.6 mmboe P+P and 216.9 Proved