Lloydminister, located midway between Edmonton and Saskatoon, is regarded as the heavy oil capital of the world. With production from the Cretaceous Sparky formation, it contributes an abundance of low-risk development drilling opportunities to the Trust. Heavy oil exploration and development has been underway in the area since 1946 and in 1992, a $1.6 billion plant was built to upgrade crude oil.

The area is managed from Provident’s Lloydminster office.