Koch Puts Alberta Oil Sands Leases Up for Sale

CALGARY, Alberta - Koch Industries Inc. is looking for an investor for several oil-sands projects in Alberta, according to a property-marketing firm representing the company.

The privately owned Wichita, Kan., conglomerate is seeking to sell six oil-sands leases, either outright or as partial joint-venture stakes that Koch would operate, according Moya Little of Western Divestments.

The undeveloped leases are in the Namur, MacKay, Muskwa, Firebag, Pelican Lake and Cold Lake regions of northern Alberta and cover 220,000 net acres. The leases in total hold 2.9 billion barrels of oil recoverable using steam-injection technology and could produce up to 345,000 barrels a day, Little said.

A spokeswoman for Koch's Canadian operations wasn't immediately available to comment.

Copyright (c) 2012 Dow Jones & Company, Inc.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Accountant
Expertise: Accounting
Location: Chantilly
Staff Land Analyst Job
Expertise: Lease Analyst
Location: Houston, TX
Channel Development Manager Job
Expertise: Business Development|Sales
Location: Minneapolis, MN
search for more jobs

Brent Crude Oil : $56.43/BBL 0.40%
Light Crude Oil : $50.55/BBL 0.27%
Natural Gas : $2.95/MMBtu 5.44%
Updated in last 24 hours