Departmental Information
About the Nova Scotia Department of Energy
MissionThe Nova Scotia Department of Energy’s mission is to deliver maximum economic, social, and environmental benefits from the energy sector by creating partnerships with governments, industry, other provincial departments and local communities to develop, establish and manage the province’s energy policies.
Purpose To serve as the government's focal point in the development of the province’s energy resources, as outlined in the Energy Strategy.
Building our energy industry and making the most of the opportunities in our offshore continue to be priorities for the Department of Energy. Balanced with our commitment to improving our environment and informing Nova Scotians, the Department of Energy continues to play a key role in developing a vibrant and prosperous Nova Scotia.
ResponsibilitiesThe Department is responsible for a wide range of initiatives in the following areas:
Contact InformationNova Scotia Department of EnergyBank of Montreal Building, Suite 4005151 George StreetP.O. Box 2664Halifax, Nova ScotiaB3J 3P7
Main Office ReceptionT: (902) 424-4575F: (902) 424-0528
About Pengrowth
Since its formation in 1988, Pengrowth Energy Trust has become one of the largest and highest quality energy trusts in North America. This efficient investment structure allows the distribution of net cash flow from a portfolio of producing oil and natural gas properties to unit holders on a monthly basis, after operating costs, trust expenses and other withholdings.
Pengrowth has an average 62 per cent working interest in 200 project area properties with daily production expected to average between 86,000 and 87,000 boe per day in 2007.
Pengrowth raises additional equity funds through the sale of trust units and invests the proceeds to expand its oil and gas holdings and increase its reserve base. Pengrowth’s properties span the Western Canadian Sedimentary Basin in Alberta, British Columbia, Saskatchewan and offshore Nova Scotia.
VisionPengrowth is committed to providing unit holders with superior total returns by way of distributions and trust unit appreciation through accretive acquisitions, business combinations, successful oil and natural gas development programs and financial strength.
MissionPengrowth Energy Trust’s goal is to provide unit holders with a first quartile rate of return delivered primarily from Canadian oil and natural gas assets and related interests.
Contact InformationPengrowth Corporation2900, 240 – 4th Avenue S.W.Calgary, Alberta T2P 4H4Toll Free: 1-800-223-4122