Husky is focused on resource plays in Western Canada. Its portfolio is more than 70 percent gas-weighted, providing a supply and natural hedge for the Company’s energy requirements at its thermal projects and refineries.

The Wilrich formation in the Ansell and Kakwa areas and the Montney formation in the Wembley and Karr areas are being targeted.

The Company also owns and operates the Rainbow Lake Gas Processing Plant. A co-generation facility at the Rainbow Lake plant is 50 percent owned by Husky and produces electricity for sale into the Alberta grid and thermal energy for the facility.