CALGARY — Athabasca Oil Sands Corp. confirmed Monday it is the unnamed buyer in the announced sale Monday of a 10,000-hectare oilsands lease south of Fort McMurray.

Strong deep basin activity drove a hike in second quarter production for Paramount Resources Ltd., which reported Wednesday that average sales volumes increased 30 per cent in the period. The Calgary-based intermediate producer’s acquisition of ProspEx Resources Ltd. on May 31, along with new wells, meant a growth of 56 per cent in its sales volumes for the Kaybob division of the company.

Alberta government, which is hosting the conference. Starting Saturday, politicians will visit the Calgary Stampede, tour Alberta’s oilsands and spend time in Kananaskis discussing a proposed national energy framework, among other policy issues. The

and less damaging to the environment. We've done this before in Alberta. In the mid-1970s, the Alberta Oil Sands Technology Research Authority was a combined effort of government, industry and academics to make the oilsands work. Its most successful

Junior oilsands developer Athabasca Oil Sands Corp. has increased its reserve base by 10 per cent and will more than double its deep basin drilling program in northwestern Alberta, the company said.