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While HRT is only 19% utilized today, it has been up to 82% utilized historically during periods of tight pipeline egress, providing Strathcona with a natural hedge against future egress bottlenecks. The HRT acquisition is a continuation of Strathconas countercyclical acquisition strategy focused on core area consolidation.
We completed the infrastructure build in Q1/25 to separate the produced water, allowing it to be utilized for re-injection versus disposal which enhances economics and reduces environmental impact. The full list of awardees can be accessed here: Financial Times Americas Fastest Growing Companies.
Nonetheless, it does serve as a reminder that when a party recognizes an omission or mistake in an instrument affecting mineral rights, a party should not immediately opt for an easy fix via a notarial act of correction. 21] Prior to spudding the well, the operator faced weather delays and was required to obtain a CUA permit. [22]
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