Operate what we own
We operate the majority of our core Grand Forks working interests, controlling field operations, capital pace, and timing.
About us
A disciplined Alberta producer
Ascensun Oil and Gas Ltd. builds value through ownership of high-working-interest, low-decline conventional assets — not speculative exploration.
Corporate overview
Steady production from assets we know well
Headquartered in Calgary, Alberta, Ascensun Oil and Gas Ltd. is an exploration and production company focused on conventional oil and natural gas. Our strategy is deliberately straightforward: 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. Production is weighted to medium oil (20°–28° API) and natural gas liquids, with associated natural gas.
We measure success in operational discipline and durable cash flow rather than headline volumes — managing a low-decline base that delivers consistent results.
Our approach
Three principles that guide how we operate
Favour low-decline assets
A sub-10% decline base at Grand Forks underpins predictable production and reduces the capital required to hold volumes flat.
Develop the known
We prioritise low-risk development within established, well-defined pools over speculative exploration.
Operating environment
At the heart of global energy
Canada is the world's fourth-largest oil producer at roughly 4.8 million barrels per day — trailing only the United States, Saudi Arabia, and Russia. Alberta is the country's energy heart, and our Grand Forks asset sits in its conventional-oil fairway.
Northern Alberta
The oil-sands region — Canada's largest unconventional resource base.
Central Alberta
The Edmonton corridor, focused on conventional crude oil production.
Grand Forks
Our conventional-oil asset, southeast of Calgary, within the mature Western Canadian Sedimentary Basin.
Southern Alberta
Predominantly natural gas production across the southern part of the province.
Regulation & tenure
A transparent, stable framework
The Alberta Energy Regulator (AER) oversees all provincial oil and gas development approvals, data management, and compliance enforcement. The AER maintains comprehensive public databases of historical exploration, drilling logs, and production metrics — ensuring a high degree of market transparency.
Approximately 82% of provincial mineral rights are government-owned (Crown Land). The province applies a "use it or lose it" development principle: operators must drill and prove commercial productivity within primary lease terms (typically 5–10 years). Once productivity is proven, the lease is held indefinitely by production.
See the assets behind the numbers. View our operations →