BNET Industries
Last Fiscal Year Sales:$927.2M
- Public
- CA
Dow Jones Description
Crude Oil Producer
President & CEO
James C. HouckNumber of Employees 31
Contact Information
Suite 2400 Ernst & Young Tower
Calgary, Alberta
(403) 233-1700
Peer Companies
NAICS Code Other Management Consulting Services: 541618
News & Analysis
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western oil sands inc. - All News and Analysis
Fitch Rates Marathon Oil $1B Senior Unsecured Notes 'BBB+'
- 2008-03-13
CHICAGO -- Fitch Ratings has assigned a rating of 'BBB+' to Marathon Oil Corporation's issuance of $1 billion in unsecured 5.90% senior notes due 2018. Proceeds will be used for general corporate purposes, including the replenishment of working capital which had been reduced as the result of paying off $400...
Western Oil Sands Shareholders Approve Deal with Marathon
- 2007-10-22
Western Oil Sands shareholders have approved the company's acquisition by Marathon, the U.S. company announced last week.The transaction received approval from the Canadian Minister of Industry Monday.Marathon said it has made commitments to the Minister of Industry to make significant investments in Western's oil sands operations, particularly the Athabasca Oil...
Marathon's Acquisition of Western Oil Sands Preserves the U.S. Company's Downstream Assets
- 2007-08-13
Unlike other U.S. oil companies that have done deals with Canadian crude producers, Marathon's acquisition of Western Oil Sands does not relinquish any of its downstream assets, a key consideration for executives who have spent the last two years evaluating the suitability of potential upstream partners. Marathon's purchase of Western...
Marathon Oil plans to buy Western Oil for $5.5B
- 2007-08-01
HOUSTON AP -- Marathon Oil Corp. is poised to break into Canada's growing oil-sands market, announcing Tuesday it has agreed to buy Western Oil Sands Inc. for $5.5 billion in cash and stock. Marathon also said its second-quarter earnings fell 11 percent from a year ago, when it...
Inter Pipeline Fund Announces Acquisition of Corridor Oil Sands Pipeline System.
- 2007-03-05
CALGARY, ALBERTA, Mar 5, 2007 CCNMatthews via COMTEX -- Inter Pipeline Fund Inter Pipeline (TSX:IPL.UN) announced today that it has entered into an agreement to acquire the Corridor Pipeline System Corridor from an affiliate of Kinder Morgan Inc. Corridor is the sole transporter of diluted bitumen...
Western Oil Sands Inc: Project Update.
- 2007-02-02
M2 PRESSWIRE-2 February 2007-Pinnacle Digest: Western Oil Sands Inc: Project UpdateC1994-2007 M2 COMMUNICATIONS LTD RDATE:02022007 Western Oil Sands Inc (TSX: WTO) experienced a loss Thursday as shareholders witnessed a decrease of 1.04 in share value following the exchange of 755,432 shares...
Golden Apple Oil and Gas Continues Share Increase Up 100% From Friday's Close. Oil and Gas Powerhouses Continue Slow Climb.
- 2006-01-11
M2 PRESSWIRE-11 January 2006-www.streetinvesting.com: Golden Apple Oil and Gas Continues Share Increase Up 100 From Friday's Close. Oil and Gas Powerhouses Continue Slow Climb.C1994-2006 M2 COMMUNICATIONS LTD RDATE:11012006 Streetinvesting.com has focused our attention on Golden Apple Oil and Gas Inc,...
Altair Nanotechnologies and Western Oil Sands Extend Phase One of Technology Licensing Agreement
- 2005-12-29
Altair Nanotechnologies, Inc. (NASDAQ: ALTI) today announced that Western Oil Sands has extended the Phase I program of its technology agreement with Altairnano for an additional 12 months. Phase IB is now anticipated to be completed by January 2007. The extension of the Phase I program Phase IB...
OIL-SANDS PROJECTS DEMAND COST CREATIVITY, FLEXIBILITY
- 2005-01-24
Participating in a massive heavy-oil-sands project in northern Alberta, requires a great deal of financial creativity and flexibility, according to David A. Dyck. The chief financial officer of Western Oil Sands Inc. (Toronto: WTO) spoke to the Houston Energy Finance Group last week about the financing strategy that the Calgary...
Oil sands mine tests TiO^sub 2^ extraction technology
- 2004-04-01
Altair Nanotechnologies has signed a technology licensing agreement with Canada's Western Oil Sands. The agreement allows Western Oil Sands to use Altair Nanotechnologies' Altair Hydrochloride Pigment Process AHPP to extract heavy minerals from oil sands and produce titanium dioxide pigment.The agreement calls for Western Oil Sands to evaluate the AHPP...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| James C. Houck | President & CEO |
| David A. Dyck | CFO & Senior Vice President, Finance |
| Steve D.L. Reynish | COO & Executive Vice President |
| Gerry Luft | Vice President, Downstream |
| Jack D. Jenkins | Vice President, Corp Planning & HR |
| Joanne L. Alexander | General Counsel & Vice President |
| M. Simon Hatfield | Vice President |
| Raymond Morley | Vice President, Business Development |
| Dorreen Miller | Director, Investor Relations |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Guy J. Turcotte | Chairman |
| David J. Boone | Board of Directors |
| Fred J. Dyment | Board of Directors |
| John W. Lill | Board of Directors |
| Mac H. Van Wielingen | Board of Directors |
| Oyvind Hushovd | Board of Directors |
| Randall Oliphant | Board of Directors |
| Robert G. Puchniak | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Western Oil Sands Inc. | President & CEO | Current |
| Western Oil Sands Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Western Oil Sands Inc. | CFO & Senior Vice President, Finance | Current |
| Organization | Position | Status |
|---|---|---|
| Western Oil Sands Inc. | COO & Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Western Oil Sands Inc. | Vice President, Downstream | Current |
| Organization | Position | Status |
|---|---|---|
| Western Oil Sands Inc. | Vice President, Corp Planning & HR | Current |
| Organization | Position | Status |
|---|---|---|
| Western Oil Sands Inc. | General Counsel & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Western Oil Sands Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Western Oil Sands Inc. | Vice President, Business Development | Current |
| Motapa Diamonds Inc | Director of Motapa | Current |
| McVicar Resources, Inc. | Director | Current |
| BHP Minerals | Former | |
| New Mexico Institute of Mining and Technology | Msc In Geology | Former |
| The University of New Mexico | MBA | Former |
| Organization | Position | Status |
|---|---|---|
| Western Oil Sands Inc. | Director, Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Western Oil Sands Inc. | Chairman | Current |
| Organization | Position | Status |
|---|---|---|
| Western Oil Sands Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Western Oil Sands Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Western Oil Sands Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Western Oil Sands Inc. | Board of Directors | Current |
Oyvind Hushovd, a corporate director, is the former Chair and Chief Executive Officer of Gabriel Resources Ltd. (a precious metals exploration and development company), retiring in 2005. Prior to that, he was the President and Chief Executive Officer of Falconbridge Limited (a nickel and copper mining company) from 1996 to 2002. He currently serves on the boards of the following publicly traded companies: Gabriel Resources Ltd. (retiring in May 2006), Western Oil Sands Inc. (an oil sands company), Inmet Mining Corporation (a precious and base metals producing company) and Lionore Mining International Limited (an international mining company). Mr. Hushovd received a Master of Economics and Business Administration from the Norwegian School of Business and a Master of Law from the University of Oslo.
| Organization | Position | Status |
|---|---|---|
| Gabriel Resources Ltd | Chief Executive Officer | Current |
| Cameco Corporation | Corporate Director | Current |
| Western Oil Sands Inc. | Board of Directors | Current |
| Inmet Mining Corporation | Board of Directors | Current |
| Cameco Corporation | Board of Directors | Current |
| Falconbridge Limited | President and Chief Executive Officer | Former |
| LionOre Mining International Ltd. | Board of Directors | Former |
| University of Oslo | Master of Law | Former |
Randall Oliphant, Director Mr. Oliphant serves as Chairman and Chief Executive Officer of Rockcliff Group Limited, Chairman of Western Goldfields Inc. and President and Chief Executive Officer of Silver Bear Resources Inc. Mr. Oliphant is a member of the advisory board for Metalmark Capital LLC (Morgan Stanley Capital Partners) and also serves on the boards and advisory boards of not-for-profit organizations. Mr. Oliphant served as Barrick's President and Chief Executive Officer from 1999 to 2003 and held various positions with Barrick since 1987. Mr. Oliphant received his Bachelor of Commerce degree in 1984 from the University of Toronto and his Chartered Accountant designation in 1986.
| Organization | Position | Status |
|---|---|---|
| Silver Bear Resources Inc. | Chief Executive Officer | Current |
| Western Goldfields, Inc. | Chairman | Current |
| Franco-Nevada Corporation | Board of Directors | Current |
| Western Oil Sands Inc. | Board of Directors | Current |
| Barrick Gold Corporation | CEO | Former |
| Silver Bear Resources Inc. | President | Former |
| Barrick Gold Corporation | President | Former |
| Barrick | President | Former |
| University of Toronto | Bachelor of Commerce Degree | Former |
| Silver Bear Resources Inc. | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Western Oil Sands Inc. | Board of Directors | Current |
Executive News
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New Gold Acquires Western Goldfields in C$1.2 Bln Deal - Update
-
New Gold Completes Cdn$1.2 Billion Business Combination with Western Goldfields
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New Gold Completes Cdn$1.2 Billion Business Combination with Western Goldfields
-
Cameco Elects Two New Board Members
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Cameco Elects Two New Board Members
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Cameco Elects Two New Board Members
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Cameco Corporation: Cameco Elects Two New Board Members
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Cameco Elects Two New Board Members
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Cameco Elects Two New Board Members
-
Western Goldfields Shareholders Approve Business Combination with New Gold
-
Western Goldfields Shareholders Approve Business Combination with New Gold
-
WesternZagros Announces 2009 First Quarter Results
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