The Canadian upstream business unit produces oil and natural gas across seven core areas in Alberta and southern Saskatchewan. Provident produces a balanced profile of crude oil, natural gas liquids and natural gas. Provident's Canadian assets are stable, low-risk producing properties. Natural production declines are 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 1,000 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
• Lloydminster
• Northwest Alberta
• Southeast Saskatchewan
• Southern Alberta
• Southwest Saskatchewan
• West Central Alberta