The Canadian upstream business unit produces oil and natural gas across three core areas in Alberta. Provident's Canadian assets blend stable, low-risk producing properties with full-cycle organic growth opportunities. Natural production declines are partially offset by internal drilling and optimization, and by acquisitions. The Canadian upstream team has succeeded in strengthening the asset mix considerably over time and in optimizing the results from those assets.

Growth Opportunities

Provident has a Canadian drilling inventory of more than 500  identified drilling and recompletion opportunities, providing a solid internal opportunity suite. Provident will continue to be highly selective in evaluating potential acquisitions, seeking only high quality assets with growth potential.

Provident focuses on the following core areas:

• Dixonville
• Northwest Alberta
• Southern Alberta