Yangarra Resources Ltd.
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in mil. unless spec.Company Description
- CEO
- James Grant Evaskevich
- Full Time Employees
- 59
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- 715-5th Avenue SW Calgary AB Canada T2P 2X6
- IPO Date
- Feb 10, 1986
- Website
- yangarra.ca
- Similar Companies
- Business
- Yangarra Resources Ltd. Yangarra Resources Ltd. is a Canadian junior oil and gas company engaged in the exploration, development, and production of clean natural gas and conventional oil in the Western Canadian Sedimentary Basin. The company focuses primarily on the Cardium formation in Central Alberta, targeting high-quality, long-life light oil and liquids-rich gas reserves in areas including O’Chiese, Willesden Green, Ferrier, Cow Lake, Chambers, and Chedderville; it maintains extensive infrastructure and land holdings in these regions to support ongoing drilling and production activities. Yangarra Resources Ltd. operates as a major employer and economic contributor in Central Alberta communities through its capital programs, job creation, local supplier engagements, and tax revenues. Founded in 1985 and headquartered in Calgary, Alberta, the company employs approximately 62 to 72 people and trades on the Toronto Stock Exchange under the ticker YGR. In recent developments, Yangarra Resources Ltd. completed a farm-in on 11 contiguous sections in the Chambers area in late 2024, adding up to 50 tier-one drilling locations with multi-zone potential in Cardium and Belly River formations adjacent to existing assets; it approved a $55-60 million capital budget for 2025 to maintain production at 11,250-11,750 boe/d, brought eight new wells online in Q4 2024, and re-determined its syndicated senior credit facility at $130 million following a semi-annual banking review.
Company News
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