Headwater Exploration Inc. is a Calgary-based independent energy company focused on the exploration, development, and production of crude oil and natural gas in Canada. The company's primary operations are centered around the high-quality Clearwater play in Alberta, including the Marten Hills, Greater Peavine, and Greater Pelican areas, which yield significant heavy oil production. Additionally, Headwater maintains low-decline natural gas production at the McCully Field near Sussex, New Brunswick. Formerly known as Corridor Resources Inc., the company was rebranded and recapitalized in 2020 under a new management team. Headwater distinguishes itself through a disciplined capital allocation strategy, a debt-free balance sheet, and a growing secondary recovery program aimed at reducing corporate decline rates.
