Strathcona Resources Ltd. operates oil and gas fields with assets in the U.S. and Canada. The company's name is derived from Canadian oilman Lord Strathcona.
Northern Blizzard Resources was founded in 2009. Waterous acquired a majority stake in Northern Blizzard in 2017 and renamed the company Cona. Strath Resources was founded in 2017 with financial backing from Waterous and acquired Paramount Resources' assets in the Kakwa region of the Montney play in 2018. Waterous combined Strath and Cona in August 2020 to form Strathcona with Rob Morgan as CEO. The company then acquired Pengrowth Energy in January 2021. In June 2021, Waterous combined merged Osum Oil Sands into Strathcona after taking control of Osum in April 2021.