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Bill Siebens


Bill Siebens is one of the Canadian petroleum industry's first entrepreneurs to build an international exploration and production company. He got his initial taste of working overseas as a U.S. Air Force jet fighter pilot serving in Libya in the 1950s. His company, Siebens Oil and Gas Ltd., explored for oil in the British North Sea, Vietnam, and Yemen.


After moving to Calgary in 1958, Siebens founded an oil and gas leasehold company, Siebens Leasehold Ltd. Eight years later, he sold the company and established Siebens Oil and Gas Ltd., which went public and listed on the Toronto Stock Exchange in 1970. His company drew the industry's attention by purchasing highly productive acreage among the freehold lands of the Hudson's Bay Company.


In 1979, Siebens sold his company to Dome Petroleum Ltd. Soon after, he became president of Candor Investments Ltd., a private energy investment corporation. He has also chaired the board of Sovereign Oil and Gas, a North Sea oil producer. It was bought by Neste Oil, the Finnish National Oil Company. In 1994, Siebens joined ResoQuest Resources Ltd. as chairman of the board until it was sold two years later to Pinnacle Resources Ltd. He continued in the same leadership position with Pinnacle until it was sold to Renaissance Energy Ltd. in 1998.


Siebens has served as a director of Petro-Canada since 1986, and is currently chairman of Freehold Royalty Trust.


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