Nextraction Energy Corp. is a Canadian junior oil and natural gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin. The Company's model is the "next round of extraction on known plays." Nextraction targets oil focused projects along trends with known reserves that provide low risk, high return development opportunities in both conventional and unconventional resource projects.
The Company is currently producing light oil from the Viking formation at its Provost property in east central Alberta. The implementation of new technology via horizontal wells and multi-stage fracturing allows Nextraction to significantly increase the recoverable reserves and production from the property. The company also has a liquids-rich natural gas play along the prolific Pinedale Anticline in western Wyoming, USA.
In January 2013 Nextraction acquired Cowboy Exploration Ltd., a private oil and gas company operating in eastern Alberta. Cowboy holds operated, high working interests in 2 light oil development plays targeting the Glauconite and Cardium formations. Nextraction plans to develop both properties using horizontal wells and multi-stage fracturing technology. Cowboy also holds a large land position on an exploration play targeting light oil in the Rock Creek formation.