Trilogy Energy Corp. (TET) is a Canadian energy corporation formed through a spinout of assets from Paramount Resources in April 2005. Originally an income trust, Trilogy converted to a corporate structure in February 2010.
Trilogy’s geographically concentrated assets are primarily low-risk, high working interest, lower-decline properties that provide abundant infill drilling opportunities and good access to infrastructure and processing facilities, many of which are operated and controlled by Trilogy.
Advances made in horizontal drilling and completion techniques have provided Trilogy with the opportunity to confidently exploit additional tight gas reservoirs on its acreage at attractive finding and development costs. Trilogy plans to continue its strategy of capitalizing on its core assets, focusing on tight gas reservoirs where horizontal technology can be used to add low cost reserves and grow production efficiently.
The Company has always held the belief that it has an excellent asset base for a growth-oriented exploration company. During the period since converting from an income trust to a growth orientated exploration and development company, Trilogy’s annual production has grown organically by more than 69 percent from 19,780 Boe/d in 2009 to 33,510 Boe/d in 2012. Trilogy’s management believes that investing a higher portion of its annual cash flow to exploit its developed and undeveloped land base using horizontal drilling and multi-stage fracturing technology will continue to add value for its Shareholders for many years to come. Trilogy continues to evaluate new plays and formations on its acreage in the Kaybob area. By targeting different formations and geographic areas, Trilogy has been able to identify additional drilling prospects that will be added to the Company’s growing inventory of high quality crude oil and liquids-rich gas drilling locations.
| Company Details | |
|---|---|
| Company Name | Trilogy Energy Corp |
| Business Category | Oil & Gas |
| Address | 1400, 332 - 6Th Avenue S.W Calgary Alberta Canada ZIP: T2P 0B2 |
| President | Clay Riddell |
| Year Established | 2005 |
| Employees | 200 |
| Memberships | NA |
| Hours of Operation | NA |
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