Sphere owns approximately 135,572 gross (114,179 net) acres of petroleum and natural gas rights in Alberta and approximately 31,059 gross (23,149 net) acres in Saskatchewan.

Sphere is an environmentally responsible company that endeavors to maintain the highest standards when conducting its operations. As well, Sphere encourages its employees and contractors to adhere to the principle of placing safety first in conducting its programs. At the local level, Sphere supports various community initiatives in the areas where it operates.

In Alberta and Saskatchewan, Sphere operates 128 gas wells and 49 oil wells. Sphere also has working interests in 27 non-operated gas wells and 4 non-operated oil wells. The company operates 3 oil batteries and one shallow gas compressor station.

Sphere’s production rate is approximately 700 barrels of oil equivalent per day (6:1 ratio).

The unconventional assets, formerly managed by Sphere on behalf of certain joint venture companies, are now held within a new holding company, Kaybob Energy Corp. Kaybob holds both royalty and working interests in Alberta along with an interest in a Saskatchewan flare gas power generation facility. Sphere manages Kaybob’s affairs on a fee for service basis.