- Business
- Questerre Energy Corporation (TSX, OSE: QEC) is an energy technology and innovation company actively engaged in the acquisition, exploration, and development of oil and gas projects, with a focus on non-conventional resources including tight oil, oil shale, shale oil, and shale gas; it holds significant acreage positions such as the largest in the Utica Shale in Quebec's Saint Lawrence Lowlands, as well as assets in Western Canada (Alberta, Saskatchewan, and Manitoba) and an equity investment in Red Leaf Resources for proprietary EcoShale In-Capsule Technology in Utah and Wyoming; operations also extend to the Kingdom of Jordan and, following recent expansion, Brazil through oil shale production, refining assets, and fuel distribution. The company targets clean technology energy projects, emphasizing low permeability reservoirs, carbon storage pilots, and socially acceptable development to balance economics, environment, and society. Questerre Energy Corporation was founded in 2000 and is headquartered in Calgary, Alberta, Canada. In September 2025, the company closed its acquisition of 100% of PX Energy, adding over 4,000 boe per day of oil shale production and refining capabilities, and entered a 50/50 joint venture with Nice Capital Holdings Ltda., a subsidiary of Nimofast, Brazil's leading private fuel distributor, to develop these assets with shared management, board rights, and up to US$50 million initial liquidity commitment; this vertically integrates Questerre's oil shale portfolio across the value chain, supported by regulatory approvals from Brazil's CADE in November 2025. In November 2025, Questerre announced plans to acquire its remaining interest in Red Leaf Resources to further enhance its oil shale technology platform incorporating carbon capture. The company reported third quarter 2025 average daily production of 2,926 boe per day, with ongoing efforts in Quebec including regulatory consultations for carbon storage pilots, legal proceedings to protect shareholder rights, and plans to spin out Quebec assets via tracking shares distributed to existing shareholders on a one-for-one basis.