PrairieSky Royalty Ltd. (TSX - PSK) commenced active business in May 2014 through the acquisition of fee simple lands from Encana Corporation and concurrent initial public offering. PrairieSky Royalty’s business model is to acquire and manage royalty lands, in order to generate significant free cash flow through indirect third-party oil and gas investments at a relatively low risk and cost to PrairieSky Royalty. With approximately 7.8 million acres of fee simple mineral title land and an additional 6.5 million acres of other royalty lands, PrairieSky Royalty offers the largest independently owned portfolio of royalty lands in Canada.
PrairieSky Royalty focuses on adding per share value for its shareholders through actively managing and leasing fee title lands, applying expertise in royalty agreement compliance and revenue collection and selectively acquiring complementary royalty assets that are accretive to shareholders.
Third-party development of lands in which PrairieSky Royalty holds the mineral title and/or a royalty interest provides the Company with royalty revenues with no oil and gas operating expenses, no mandatory capital costs and no environmental liabilities or reclamation obligations typically associated with oil and natural gas development.
- Royalty Revenues and Fee Simple Lands
- Leadership, Board & Governance
- Corporate Governance