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March 18, 2021
On March 18, 2021, Canadian Overseas Petroleum Limited (“COPL”), an international oil and gas exploration and production company, announced its strategic acquisition, by COPL America Inc. (“COPL America”), a wholly owned subsidiary of COPL, of all of the interests in Atomic Oil and Gas LLC (“Atomic”) including the entire share capital of Southwestern Production Corp (“SWP”) and its wholly owned subsidiary Pipeco LLC in a corporate transaction. Atomic is a private oil and gas company incorporated under the laws of the State of Colorado. Atomic’s assets are located in the Powder River Basin in Converse County, Wyoming, USA. Atomic’s assets are comprised of three federal units: the Barron Flats (Shannon) Unit (58.04% WI), Barron Flats (Deep) Unit (55.56 % WI) and the Cole Creek Unit (66.7%). The operator of these three units is SWP. The Barron Flats (Shannon) Unit is a miscible flood unit and the Barron Flats (Deep) Unit is the site of a recent, deeper oil discovery that will be delineated over the next 2 years. COPL’s wholly owned subsidiary, Atomic, has two affiliates: Southwestern Production Corp, the operating entity; and Pipeco, a midstream company holding the pipeline and facility assets.
Southwestern Production Corp is an oil and gas exploration and production company located in Lakewood, Colorado. Our main area of operation is the Powder River Basin in Wyoming. Southwestern’s technical staff has over 100 years of cumulative industry experience across the United States and has become one of the industry leaders in miscible gas injection EOR projects in the Rockies. Southwestern’s mission is to develop our high-quality crude oil assets through continued innovation and best industry practices in an environmentally responsible manner.
