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Zargon is a Calgary based Western Canadian oil and gas producer and over our 20 year history we have returned $365 million ($18.05 per share) through distributions and dividends to our shareholders on a total equity investment of $210 million. Oil exploitation is our focus, where we work to increase oil recovery factors and oil production from existing oil reservoirs by combining technical skills in reservoir engineering and the geosciences to understand the mechanics of producing reservoirs. We then employ different exploitation techniques: including waterfloods and tertiary floods to improve oil production and reserves. We have completed the construction of an exciting Alkaline Surfactant Polymer (“ASP”) recovery project at our Little Bow property in southern Alberta. This technology, which is finding increased application in Western Canada, utilizes the injection of chemicals in dilute concentrations to flush out incremental oil production and reserves. Following first ASP injections in March 2014, incremental production is expected to commence by year end. Commencing in 2016, the long-life Little Bow project will provide the foundation for our long term sustainable, dividend-paying energy producer objectives.
Venoco, Inc. is an independent energy company primarily focused on the acquisition, exploration and development of oil and natural gas properties. Our principal producing assets are heavily oil-weighted and are located both onshore and offshore in Southern California. These properties are characterized by long reserve lives, predictable production profiles and substantial opportunities for further exploitation and development. For more than 20 years, Venoco has operated in California where there is a rich history of oil and natural gas production from some of the largest oil fields in the country. We have built a reputation as a good corporate citizen with a solid record of meeting California`s high environmental and safety standards. Beyond California, we hold a 22.5% reversionary interest in the Hastings Field onshore along the Gulf Coast of Texas. In addition to enhancing our existing producing properties, Venoco continues to pursue other exploration and development projects, and acquisition opportunities throughout the United States and internationally.
gregspetro is a Delano, CA-based company in the Energy and Utilities sector.
National Oilwell Varco (NYSE: NOV) is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations, and the provision of oilfield services to the oil and gas industry. Every day, more than 60,000 of the industry`s best minds put more than 150 years of experience to work to help our customers achieve lasting success. Our partnership with our customers has led to the innovation of some of the highest quality products on the market. Through our broad capabilities and vision, NOV`s family of companies is positioned and ready to serve the needs of this challenging, evolving industry. NOV has the technical expertise, advanced equipment and readily available support necessary for our customers` success.
Elexco Inc is a Seymour, WI-based company in the Energy and Utilities sector.