pgh tsx pgf industry oil and natural gas founded calgary alberta canada 1988 headquarters headquarters in calgary ; oil oil sands and gas wells in british columbia alberta saskatchewan and offshore of nova scotia key people john zaozirny chairman derek evans ceo christopher g. webster cfo products oil and natural gas ; royalty trust number of employees 300 2008 1 website www.pengrowth.com pengrowth energy corporation is a canadian oil and natural gas company based in calgary alberta . established in 1988 by calgary entrepreneur james s kinnear it was one of the largest of the canadian royalty trusts canroys with a market capitalization of us 4.12 billion at the end of 2007 . its assets are approximately evenly distributed between oil and natural gas . 2 3 pengrowth s assets are in the western canada sedimentary basin a geologic region which has a long history of productivity in crude oil and natural gas . in addition to the properties in western canada the company has assets in the atlantic ocean off of nova scotia . pengrowth produces petroleum ranging from heavy crude oil to light oil natural gas liquids and natural gas . proved reserves as of 2006 were reported to be 200 million barrels 32 000 000 m3 of oil equivalent boe with an additional 160 million barrels 25 000 000 m3 of probable reserves . average daily production in 2006 was 62 821 barrels per day 9 987.7 m3 d bpd with a projected amount of 86 000 to 87 000 for 2007 ; figures verifying these totals should be released in early 2008 those estimates for 2007 ended up being fairly accurate that year pengrowth produced 87 401 boe per day the highest for any annual period between 2005 and 2009 also in 2007 natural gas made up the highest percentage for any of those years 51 % . 4 in 2009 total production averaged 79 519 boe d 29.0 million barrels for the year of which 49 126 61.78 % was natural gas related 22 841 28.72 % was crude oil and the rest 7 551 9.50 % heavy oil . 5 in addition to traditional oil and gas reservoirs pengrowth also is expanding its operations into oil sands and coalbed methane . 6 pengrowth energy trust pays a high dividend yielding an annual rate of 15.9 % in early 2008 ; in addition it pays out monthly a relative rarity for equities listed on the new york stock exchange . since pengrowth s assets are considered a depletable resource its dividend payments are not taxed at the regular dividend rate but rather as return of capital instead of return on investment ; this is an additional tax advantage in the united states and applies to all royalty trusts . 7 the pengrowth saddledome home to the calgary flames of the nhl used to be named after the company until 2010 when scotiabank took over there naming rights . scotiabank also formerly sponsored scotiabank place which is home of the ottawa senators . in 2013 the arena was renamed canadian tire centre . references and notes edit a b company profile for pengrowth energy trust pgh . retrieved 2008 10 09 . overview of pengrowth assets article on canadian royalty trusts at dividend detective proved and probable reserves as of 2006 pengrowth energy trust 2009 annual report page 2 pdf . 2010 . overview wall street journal information page on pgh external links edit pengrowth energy corporation website retrieved from https en.wikipedia.org w index.php title pengrowth energy & oldid 714563805 categories oil companies of canadanatural gas companies of canadacompanies based in calgaryenergy companies established in 1988non renewable resource companies established in 1988companies established in 1988companies listed on the new york stock exchangecompanies listed on the toronto stock exchangehidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages fran ais edit links this page was last modified on 10 april 2016 at 14 48 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view