Delphi Energy Corp. is an oil and gas producer operating in the resource rich, Deep Basin area of Northwest Alberta.
Delphi’s operating strategy is to control its production and capital operations and own a working interest in key processing and facilities infrastructure to ensure produced volumes are processed cost efficiently and marketed on a timely basis. Delphi is the field operator for over 90 percent of its production and currently operates all of its drilling operations.
Over the past two years, Delphi has primarily focused on de-risking and the development of its liquids-rich, natural gas Montney resource base at Bigstone near Fox Creek, Alberta. The Company continues to expandits inventory of opportunities in the Deep Basin through farm-ins, crown sales and land acquisitions. With a focus on improving the Company’s financial position, the continued growth in higher netback Montney production will lead to reduced financial leverage and a self-funded capital program.