Headwater Exploration Inc.

Headwater Exploration Inc. is a Canadian publicly traded oil and gas exploration and development company. It focuses on the exploration, development, and production of petroleum and natural gas resources across key onshore assets in Canada. The company maintains high-quality heavy oil production and reserves in the prolific Clearwater play within the Marten Hills, Greater Peavine, and Greater Nipisi areas of Alberta. Complementing this, it operates low-decline natural gas production and reserves in the McCully Field near Sussex, New Brunswick, supported by its own processing plant and transmission infrastructure connected to regional pipelines. Headwater Exploration Inc. generates revenue primarily from sales of crude oil, natural gas, and natural gas liquids, serving energy markets with an emphasis on asset quality, sustainability, and balance sheet strength. Founded in 1996 and headquartered in Calgary, Alberta, the company plays a vital role in Canada's upstream energy sector by delivering production from mature, efficient plays.