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GLEN SCHMIDT
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Nhy you need to know him: In 2005, a small company Glen Schmidt started called Deer
Creek Energy was purchased by giant Total S.A. for $1.35 billion. Its main asset was the
Joslyn project, an oilsands mine and small steam assisted gravity drainage (SAGD) project that is
set to ultimately produce about 200,000 barrels per day. Schmidt has now started another oilsands
junior, Laricina Energy. In addition to SAGD development, Laricina is pursuing a new commercial
production frontier—Alberta’s vast resource of bitumen locked in carbonates.
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