Core Operating Areas
Marten Hills, Alberta
Marten Hills is located approximately 250 km north of Edmonton, Alberta within the prolific Clearwater play. Headwater owns 270 sections of Clearwater rights.
McCully Field, New Brunswick
The McCully Field is located approximately 10 km northeast of Sussex, New Brunswick in the farming community of Penobsquis.
Headwater owns and operates a natural gas processing plant, with a processing capacity of 35 mmscfpd, and a 50 km transmission line connected to the Maritimes and Northeast pipeline.
The McCully Field is a winter producing asset connected to the northeast US gas market benefiting from premium natural gas prices during the winter season. As a result, Headwater expects to achieve much higher netbacks than most other natural gas operators in North America.