Grand Forks
Mineral rights over 52 sections (133 km²) producing from the Jurassic Sawtooth and Cretaceous Glauconitic sandstones at shallow depths of 800–1,000 m, with a stable, sub-10% decline base and four company-operated processing batteries.
Conventional Oil & Gas · Grand Forks, Alberta
Stable, low-decline energy production in Western Canada
Ascensun Oil and Gas Ltd. is a Calgary-based producer of conventional oil and natural gas. Our core asset is the Grand Forks property in Alberta — a low-decline, medium-oil pool with fully integrated processing and gathering infrastructure, built for steady, capital-efficient production.
≈185BOE/d production
3.4 MM2P reserves (BOE)
133 km²Mineral rights (52 sections)
4Integrated processing hubs
Who we are
A focused Alberta producer
Headquartered in Calgary, Ascensun is built around a deliberately straightforward strategy: own and operate high-working-interest, low-decline assets that produce predictable volumes of medium oil and natural gas liquids.
Our core production comes from the shallow, well-understood Grand Forks pool, where we operate the majority of our working interests — giving us control over operations, capital allocation, and the pace of development.
More about AscensunAsset portfolio
A core producing asset at Grand Forks
A primary producing position at Grand Forks anchored by four integrated batteries, supported by an oil-prospective land position in the Leduc area and a secondary operating area in Southern Alberta.
Leduc Area
100% working interest in land prospective for oil in the Nisku Formation — providing additional development optionality alongside the producing base.
Southern Alberta
A secondary operational area in a predominantly gas-prone part of the province that complements the core Grand Forks position within the broader Alberta portfolio.
Why Ascensun
Built for predictable, capital-efficient production
Low-decline base
A sub-10% decline rate across the primary Grand Forks pools supports a stable, predictable production profile.
Turnkey infrastructure
Four integrated batteries and a complete oil/gas/water gathering network mean little near-term capital is needed for facilities.
Premium reservoir
High-quality sandstone with 20%–28% porosity, permeability to 2,500 md, and shallow depths that keep drilling and operating costs low.
Development upside
Room for low-risk infill, horizontal, and step-out drilling within established, well-defined pools.
Market context
A favourable moment for Canadian crude
Canada is the world's fourth-largest oil producer at roughly 4.8 million barrels per day, with Alberta's Western Canadian Sedimentary Basin among the most mature, resource-dense basins anywhere.
The Trans Mountain Expansion (TMX) entered service in 2024, lifting throughput to tidewater from 300,000 to 890,000 barrels per day — opening a direct Pacific outlet for Canadian crude and structurally narrowing the historical Western Canadian Select price discount.
The investment caseInterested in Ascensun's assets or operations? Contact our Calgary office →