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Strathcona Resources

Energy & Utilities

500-1,000 employees

Strathcona Resources Ltd. is a Canadian pure-play heavy oil producer with operations focused on thermal oil (SAGD) and enhanced oil recovery, concentrated in the Cold Lake and Lloydminster regions of Alberta and Saskatchewan. Backed by principal investor Waterous Energy Fund, the company went public in 2023 via an all-share acquisition of Pipestone Energy Corp.

  • Thermal oil (SAGD) production — Cold Lake (Lindbergh, Orion, Tucker) and Lloydminster Thermal
  • Lloydminster conventional heavy oil with enhanced oil recovery (EOR)
  • Crude-by-rail terminals (Hamlin and Hardisty Rail)

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