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Grizzly Oil Sands

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uuid000zmko

Namestring
Grizzly Oil Sands
Legal namestring
Grizzly Oil Sands ULC
Websiteurl
grizzlyoilsands.com
Company typeenum
Private
Founded yearint
2006
Short descriptiontext

Grizzly Oil Sands ULC is a private Calgary-based in situ oil sands developer using SAGD technology and its proprietary ARMS concept, targeting up to 150,000 barrels per day within 10 years across three Alberta properties.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersCalgary, Canada
HQ citystring
Calgary
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
oil sands development, in situ recovery, SAGD operations, bitumen production, heavy oil extraction
Industry1 code
1Unconventional Resources Development (Shale/Tight, CBM)
CodeEUALAAAHPrimaryYes
NAICS code1 code
  • Crude Petroleum Extraction21112
SIC code1 code
  • Crude Petroleum & Natural Gas1311
Product category
Oil Sands Production / Upstream Petroleum Development
Social media profiles1 record
Cost components5 values
Operations, Infrastructure, Technology or R&D, Personnel, Supply Chain
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Grizzly Oil Sands ULC is a full-cycle in situ oil sands project developer that advances the SAGD (Steam-Assisted Gravity Drainage) recovery model through facility design innovation and phased development centered on its proprietary ARMS concept. The company holds approximately 3.4 billion barrels of proved and probable reserves and contingent resources across three key Alberta properties: Algar Lake (Phase 1 ramping up), May River, and Thickwood, with a target of up to 150,000 barrels per day of production within 10 years.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Production ramping up to 150,000 barrels per day within 10 years
Product and service3 records
1Algar Lake Oil Sands Project (Phase 1)
CategoryOil Sands Development / Upstream Bitumen Production
Description

In situ oil sands production development using SAGD recovery at the Algar Lake property, currently ramping up production under Grizzly's proprietary ARMS concept. Targeted at supplying crude bitumen to refineries and downstream energy processors.

2May River Oil Sands Project
CategoryOil Sands Development / Upstream Bitumen Production
Description

Planned in situ oil sands production project at the May River property, currently in regulatory approval, intended to be developed using Grizzly's SAGD recovery model and ARMS concept for bitumen production.

3Thickwood Oil Sands Project
CategoryOil Sands Development / Upstream Bitumen Production
Description

Planned in situ oil sands production project at the Thickwood property, currently in regulatory approval, intended to be developed using Grizzly's SAGD recovery model and ARMS concept for bitumen production.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Peers10 records
1Canadian Natural Resources
TypeBroad incumbent
Description

Canada's largest oil sands producer with significant SAGD operations at Horizon and Kirby; relevant incumbent for technology, capital intensity, and regulatory benchmarking.

2Suncor Energy
TypeBroad incumbent
Description

Integrated oil sands major operating both mining and in situ (Firebag) assets, providing a comparable scale and technology benchmark for SAGD developers like Grizzly.

3Connacher Oil and Gas
TypeDirect peer
Description

Small-cap SAGD producer with operating Pod One and Algar (adjacent to Grizzly's Algar Lake) assets, providing a near-direct comparable for SAGD ramp-up economics.

4MEG Energy
TypeDirect peer
Description

Canadian in situ oil sands producer using SAGD technology to recover bitumen, with a comparable focus on phased development and facility innovation. Closest direct comparable to Grizzly's SAGD recovery model.

5ConocoPhillips (Canada)
TypeBroad incumbent
Description

Operates the Surmont SAGD oil sands project in partnership with TotalEnergies; directly comparable in situ technology choice and phased development model.

6Athabasca Oil Corporation
TypeDirect peer
Description

Light-oil weighted but with significant SAGD oil sands assets (Leismer, Hangingstone), using in situ thermal recovery similar to Grizzly's SAGD approach in the same Alberta region.

7Sunshine Oilsands Ltd.
TypeDirect peer
Description

Hong Kong-listed Calgary-based SAGD developer with multiple West Athabasca oil sands properties, comparable in technology choice and staged development philosophy.

8Cenovus Energy
TypeBroad incumbent
Description

Major Canadian oil sands producer with large SAGD operations at Foster Creek and Christina Lake; a benchmark incumbent for in situ recovery technology and economics.

9Imperial Oil
TypeBroad incumbent
Description

Operator of the Kearl oil sands mine plus Cold Lake in situ operations; comparable as a major integrated player advancing thermal oil sands recovery in Alberta.

10Osum Oil Sands Corp.
TypeDirect peer
Description

Pure-play SAGD producer operating the Orion and Taiga projects in Alberta; closely comparable in scale, technology (SAGD), and stage of development to Grizzly.

Market position
Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Grizzly Oil Sands

Oil Sands Production / Upstream Petroleum Developmentgrizzlyoilsands.com

Grizzly Oil Sands ULC is a private Calgary-based in situ oil sands developer using SAGD technology and its proprietary ARMS concept, targeting up to 150,000 barrels per day within 10 years across three Alberta properties.

Grizzly Oil Sands firmographics

Firmographics
Name
Grizzly Oil Sands
Legal name
Grizzly Oil Sands ULC
Website
https://grizzlyoilsands.com
Company type
Private
Founded year
2006
Operating status
Operating
Headcount range
11–50 employees
Short description
Grizzly Oil Sands ULC is a private Calgary-based in situ oil sands developer using SAGD technology and its proprietary ARMS concept, targeting up to 150,000 barrels per day within 10 years across three Alberta properties.
Ownership category
akta.pro rank

Grizzly Oil Sands industry classification

Industry
Product category
Oil Sands Production / Upstream Petroleum Development
NAICS
Crude Petroleum Extraction (21112)
SIC
Crude Petroleum & Natural Gas (1311)
akta.pro primary industry
Unconventional Resources Development (Shale/Tight, CBM) (EUALAAAH)

Keywords

  • Oil sands development
  • In situ recovery
  • SAGD operations
  • Bitumen production
  • Heavy oil extraction

Where Grizzly Oil Sands is headquartered

Location

Headquarters

HQ city
Calgary
HQ country
Canada
HQ region
North America

Offices1 record

Markets served

Grizzly Oil Sands business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Operations, Infrastructure, Technology or R&D, Personnel, Supply Chain

Grizzly Oil Sands product offering

Product offering

Core offering

Grizzly Oil Sands ULC is a full-cycle in situ oil sands project developer that advances the SAGD (Steam-Assisted Gravity Drainage) recovery model through facility design innovation and phased development centered on its proprietary ARMS concept. The company holds approximately 3.4 billion barrels of proved and probable reserves and contingent resources across three key Alberta properties: Algar Lake (Phase 1 ramping up), May River, and Thickwood, with a target of up to 150,000 barrels per day of production within 10 years.

Differentiator

Problem solved

Functional benefit

Products and services

  • Algar Lake Oil Sands Project (Phase 1) In situ oil sands production development using SAGD recovery at the Algar Lake property, currently ramping up production under Grizzly's proprietary ARMS concept. Targeted at supplying crude bitumen to refineries and downstream energy processors.
  • May River Oil Sands Project Planned in situ oil sands production project at the May River property, currently in regulatory approval, intended to be developed using Grizzly's SAGD recovery model and ARMS concept for bitumen production.
  • Thickwood Oil Sands Project Planned in situ oil sands production project at the Thickwood property, currently in regulatory approval, intended to be developed using Grizzly's SAGD recovery model and ARMS concept for bitumen production.

Quantifiable outcome

  • Production ramping up to 150,000 barrels per day within 10 years

Companies that use Grizzly Oil Sands

Customer profile

Segments1 record

Ideal customer profiles1 record

Grizzly Oil Sands technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Grizzly Oil Sands partnerships and signals

Strategic signal

Scale indicators3 records

Grizzly Oil Sands competitors and assessment

Company assessment

Broad incumbents

  • Canadian Natural Resources: Canada's largest oil sands producer with significant SAGD operations at Horizon and Kirby; relevant incumbent for technology, capital intensity, and regulatory benchmarking.
  • Suncor Energy: Integrated oil sands major operating both mining and in situ (Firebag) assets, providing a comparable scale and technology benchmark for SAGD developers like Grizzly.
  • ConocoPhillips (Canada): Operates the Surmont SAGD oil sands project in partnership with TotalEnergies; directly comparable in situ technology choice and phased development model.
  • Cenovus Energy: Major Canadian oil sands producer with large SAGD operations at Foster Creek and Christina Lake; a benchmark incumbent for in situ recovery technology and economics.
  • Imperial Oil: Operator of the Kearl oil sands mine plus Cold Lake in situ operations; comparable as a major integrated player advancing thermal oil sands recovery in Alberta.

Direct peers

  • Connacher Oil and Gas: Small-cap SAGD producer with operating Pod One and Algar (adjacent to Grizzly's Algar Lake) assets, providing a near-direct comparable for SAGD ramp-up economics.
  • MEG Energy: Canadian in situ oil sands producer using SAGD technology to recover bitumen, with a comparable focus on phased development and facility innovation. Closest direct comparable to Grizzly's SAGD recovery model.
  • Athabasca Oil Corporation: Light-oil weighted but with significant SAGD oil sands assets (Leismer, Hangingstone), using in situ thermal recovery similar to Grizzly's SAGD approach in the same Alberta region.
  • Sunshine Oilsands Ltd. Hong Kong-listed Calgary-based SAGD developer with multiple West Athabasca oil sands properties, comparable in technology choice and staged development philosophy.
  • Osum Oil Sands Corp. Pure-play SAGD producer operating the Orion and Taiga projects in Alberta; closely comparable in scale, technology (SAGD), and stage of development to Grizzly.

Market position

Customer concentration

Grizzly Oil Sands social profiles

Digital presence

Grizzly Oil Sands financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Grizzly Oil Sands leadership team

Management profile

Number of profiles

Profiles1 record

Grizzly Oil Sands funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Grizzly Oil Sands M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grizzly Oil Sands

What does Grizzly Oil Sands do?

Grizzly Oil Sands ULC is a full-cycle in situ oil sands project developer that advances the SAGD (Steam-Assisted Gravity Drainage) recovery model through facility design innovation and phased development centered on its proprietary ARMS concept. The company holds approximately 3.4 billion barrels of proved and probable reserves and contingent resources across three key Alberta properties: Algar Lake (Phase 1 ramping up), May River, and Thickwood, with a target of up to 150,000 barrels per day of production within 10 years.

Is Grizzly Oil Sands a public or private company?

Grizzly Oil Sands is a private company. It is classified as unknown and is currently operating.

When was Grizzly Oil Sands founded?

Grizzly Oil Sands was founded in 2006. It employs 11 to 50 people.

Where is Grizzly Oil Sands based?

Grizzly Oil Sands is headquartered in Calgary, Canada, in the North America region.

Who are Grizzly Oil Sands's main competitors?

Broad incumbents on record are Canadian Natural Resources, Suncor Energy, ConocoPhillips (Canada), Cenovus Energy and Imperial Oil. Direct peers are Connacher Oil and Gas, MEG Energy, Athabasca Oil Corporation, Sunshine Oilsands Ltd. and Osum Oil Sands Corp..

Does Grizzly Oil Sands have an API?

No public API is recorded for Grizzly Oil Sands.

What industry is Grizzly Oil Sands in?

Grizzly Oil Sands's product category is Oil Sands Production / Upstream Petroleum Development. Its primary akta.pro industry code is EUALAAAH, Unconventional Resources Development (Shale/Tight, CBM). Its NAICS code is 21112 and its SIC code is 1311.

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Live signals
GlobeNewswireGulfport Energy Announces Proposed Acquisition of Additional Utica Acreage and Provides Operational UpdateGulfport Energy proposed acquiring about 30,000 net Utica Shale acres in Eastern Ohio from Windsor Ohio LLC for roughly $300 million, increasing its leasehold to about 137,000 gross acres. The deal, expected to close before year-end, would raise Gulfport's working interest to 72.5%. Grizzly Oil Sands also submitted a resource application for a 12,000 bpd oil sands project in Alberta.GlobeNewswireGrizzly Oil Sands Announces Closing of Purchase of May River PropertyGrizzly Oil Sands closed its purchase of the May River property from Petrobank for Cdn $225 million. GLJ assessed 1.8 billion barrels of exploitable bitumen in place and 824 million barrels as contingent resource, with a best-estimate production of 100,000 barrels per day. Grizzly plans a drilling program and environmental field work to support regulatory application.GlobeNewswirePetrobank Announces Closing of Our May River Property Disposition and Cancellation of Credit FacilityPetrobank closed the sale of its May River property to Grizzly Oil Sands Ulc for about $225 million. After repaying debt and costs, the company holds roughly $140 million in cash and cancelled its $200 million credit facility, saving about $1.5 million annually in fees.GlobeNewswireGrizzly Oil Sands Announces Purchase of May River PropertyGrizzly Oil Sands agreed to buy Petrobank's May River property for Cdn$225 million, including 46,720 acres of oil sands leases and 90.6 million barrels of 2P reserves. The deal is expected to close by end of February 2012, with Gulfport funding its interest.GlobeNewswireGulfport Energy Corporation Reports Increased Acreage Position in Utica Shale, Announces Grizzly Oil Sands ULC Reserve and Resource Assessment and Provides Update on TEW-E Exploratory Well in ThailandGulfport Energy reported increased Utica Shale acreage, with commitments potentially reaching 130,000 gross acres. It also announced Grizzly Oil Sands' reserve assessment of 114 million barrels of 2P reserves and 1,972 million barrels of contingent resource. The company plans to bring a rig into the Utica play in early 2012.GlobeNewswireGrizzly Oil Sands ULC Reports Reserves and ResourcesGrizzly Oil Sands ULC announced an independent reserve and resource assessment by GLJ Petroleum Consultants, effective October 1, 2010. The assessment estimates 98 million barrels of proved plus probable reserves and 2,052 million barrels of contingent and prospective resources. Construction of the Algar Lake Project's first phase is expected in the third quarter of 2011.GlobeNewswireGrizzly Oil Sands ULC Submits Algar Lake Oil Sands Project ApplicationGrizzly Oil Sands ULC submitted an application to Alberta regulators for an 11,300 bblpd oil sands project at Algar Lake, using SAGD extraction. The project is expected to operate at 10,000 bblpd over 30 years, with Stage 1 costing about $120 million per phase. Grizzly expects approvals within 12-18 months and first production within 18 months.GlobeNewswireGrizzly Oil Sands Submits Regulatory Application for the Algar Lake SAGD ProjectGrizzly Oil Sands submitted a joint application to Alberta regulators for an oil sands project in the Algar Lake area, targeting 11,300 barrels per day of bitumen via SAGD. The company expects to commission the first phase in 2012.GlobeNewswireGulfport Receives Third-Party Assessment of Grizzly Oil Sands ULC Original Oil In PlaceGulfport reported that DeGolyer and MacNaughton reviewed Grizzly's oil sands and found sufficient well control on seven properties. The review estimates 15.8 billion barrels of bitumen in place over 260,272 acres. Grizzly plans a 2007-8 winter drilling and seismic program.GlobeNewswireGrizzly Oil Sands Announces Upcoming EventsGrizzly Oil Sands CEO Jay Thomas will present at the Pareto Securities Oil and Offshore Conference in Oslo on August 29-30, 2007. The company is considering raising capital to fund a 2007-08 winter drilling program spending CDN 35 million on 100-120 wells and developing its first SAGD facility.