Provident operates a balanced
portfolio of oil and gas assets in some of the
more stable and predictable producing regions
in Western Canada. The Trust ended 2006 Q2 with daily average production of
almost 31,000 boe per day, consisting of approximately
43 percent natural gas; 50 percent light/medium oil; and seven percent
heavy oil.
Provident executes a three pronged approach to
maintaining production which includes low risk
development, halo acquisitions of properties near
existing assets, and farm outs of higher risk
opportunities to third parties. Oil and gas reserves
are added primarily through corporate and property
acquisitions. |
