RMP Energy Inc. is an Alberta-based crude oil and natural gas company actively engaged in the exploration, development, and production of crude oil and natural gas reserves in Western Canada.
RMP Energy's properties include:
In November 2016, RMP undertook the transformational disposition of our Ante Creek asset which leaves the corporation with:
- No bank debt and positive working capital;
- Exit rate production of 3,200 to 3,300 boe/d (35% crude oil and NGL's) from Waskahigan and the Company's other non-core areas, with a low risk Montney development inventory at Waskahigan of high rate of return wells of up to 200 potential drilling locations;
- A highly prospective land position of 77.5 net sections and related infrastructure on an emerging Montney play at Gold Creek; and,
- Bank credit facility of $40 million.
In addition, RMP retains its non-core, natural gas operations at Kaybob, Pine Creek, and Gilby. RMP has been successful in delineating and developing its Montney light oil assets in West Central Alberta and has a future drilling inventory in excess of 300 locations. RMP’s concentrated geographic focus and its strategic ownership of infrastructure has facilitated industry-leading low operating and transportation costs.