Albian Sands Energy Inc. operates the Muskeg River Mine. The Muskeg River Mine and the Scotford Upgrader together comprise the Athabasca Oil Sands Project - a joint venture among Shell Canada (60%), Chevron Canada (a wholly owned subsidiary of Chevron Corp.) (20%) and Marathon Oil Canada Corporation (20%). The amount of oil and oil related products produced by the Athabasca Oil Sands Project could fill one in three cars in Alberta. It will supply 10 percent of Canada's oil needs.

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The Muskeg River Mine stands on Shell Canada Limited's Lease 13. The combined resource of the Muskeg River Mine and Lease 13 contains more than five billion barrels of mineable bitumen. This is about equal to twice the amount of conventional oil reserves remaining in Alberta. The oil sands deposit is close to the surface and contains a high concentration of oil, making it ideally suited to mining. The Muskeg River Mine will recover 1.65 billion barrels of bitumen over 30 years.

Albian Sands Energy Inc. garnered its name from the Albian Boreal Sea which molded the landscape we have come to know as Northern Alberta. Over 100 million years ago, as the Albian Sea moved over the McMurray sands, a blanket of marine shale was deposited on its floor and trapped the hydrocarbons of the McMurray Formation. The resource of the Muskeg River Mine is a legacy of the Albian Sea. We thought it fitting that the company that brings these ancient sands to the light of day should bear this name.