About Us

Freehold Royalties Ltd. is a dividend-paying oil and gas company based in Calgary, Alberta. Our royalty interests are a major contributor to our operating and financial performance and are not subject to expenses such as operating and capital costs. Our assets generate income from crude oil, natural gas, natural gas liquids, and potash. Growth is achieved through ongoing development activity on our extensive land base spanning approximately six million gross acres, and through acquisitions.

Freehold has no employees. Day-to-day operations are managed by a wholly owned subsidiary of Rife Resources Ltd. To learn more about Rife visit www.rife.com.

Freehold's shares are listed for trading on the Toronto Stock Exchange under the trading symbol FRU.

The Manager

Our assets and operations are managed by a subsidiary of Rife Resources Ltd. Rife also manages the operations of Canpar Holdings Ltd. (a private royalty company). Both Rife and Canpar are owned by the CN Pension Trust Funds (the pension fund for employees of the Canadian National Railway Company). The CN Pension Trust Funds also own approximately 21% of Freehold's common shares.

Combined, Rife manages 10.5 million gross acres of land, including interests in over 44,000 oil and gas wells, combined production of approximately 20,000 boe/d, and total reserves of approximately 60 million boe. 

Directors & Officers

  • Marvin F. Romanow
    Chair of the Board
    Marvin Romanow is a Corporate Director, and since 2012, Executive in Residence at the University of Saskatchewan. Prior thereto he was the President and Chief Executive Officer of Nexen Inc. He has a Masters of Business Administration and a Bachelor of Engineering, with Great Distinction, from the University of Saskatchewan. He is a graduate of Harvard's Program for Management Development and completed INSEAD's Advance Management Programme. Mr. Romanow holds the ICD.D designation from the Institute of Corporate Directors. He currently serves on the boards of SaskPower, Alberta Teacher's Retirement Fund, Alberta Petroleum Marketing Commission (Commissioner), Bank of Tokyo Mitsubishi Canada, and Arnie Charbonneau Cancer Institute.
  • Thomas J. Mullane
    President and Chief Executive Officer
  • Gary R. Bugeaud
    Corporate Director
  • Peter T. Harrison
    Corporate Director
  • J. Douglas Kay
    Corporate Director
  • Arthur N. Korpach
    Corporate Director
  • Susan M. MacKenzie
    Corporate Director
  • Aidan M. Walsh
    Corporate Director

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Freehold's Governance policies

Corporate Responsibility at Freehold