Operates as a heavy oil exploration and production company
Petrobank Energy & Resources Ltd. operates as a heavy oil exploration and production company with operations in Western Canada. It operates through two business units: Whitesands and Archon. The Whitesands unit focuses on developing Petrobank's oil assets located in the Peace River, Alberta area and Saskatchewan's heavy oil belt. The Archon unit focuses on pioneering new and improved methods of finding and producing oil. The company was founded by James D. Tocher and Jerald Lindsay Oaks on December 1, 1983 and is headquartered in Calgary, Canada.