- CEO
- R. Alan Steele
- Full Time Employees
- 95
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 396 – 11th Avenue SW Calgary AB Canada T2R 0C5
- IPO Date
- Sep 22, 2010
- Business
- Twin Butte Energy Ltd. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in Western Canada, with operations focused on the Provost medium oil region and the Lloydminster heavy oil region along the Alberta-Saskatchewan border; the company produces medium and heavy crude oil alongside associated natural gas, targeting conventional heavy oil plays with low-risk drilling inventory. Founded in 2006 and headquartered in Calgary, Alberta, Twin Butte historically maintained production exceeding 20,000 boe/d, predominantly liquids-weighted at around 90%, serving energy markets in Canada through dividend-paying intermediate operations listed on the TSX under TBE and OTC as TBTEF. In September 2016, FTI Consulting Canada Inc. assumed receivership over all assets following a Court of Queen's Bench of Alberta order amid financial distress and failed creditor arrangements; operational assets sold to West Lake Energy Corp. (formerly Henenghaixin Operating Corp.) in March 2017 for approximately CAD 200.6 million to repay secured bank debt, marking the cessation of independent operations and ongoing claims process thereafter.