Harvest Operations Corp. is a Canadian oil and natural gas company based in Calgary, Alberta.
[2][3] In 2009 the Korea National Oil Corporation made a buyout offer for Harvest, which was accepted, with shareholder approval.
As of the end of 2007, Harvest claimed a production of 61,000 BOE/d (barrels or equivalent per day), and a probable lifespan of existing assets of about ten years, before depletion.
[8] On 22 December 2009, Harvest closed its Plan of Arrangement with the Korea National Oil Corporation, which offered C$10.00 per unit through its Canadian subsidiary, KNOC Canada Ltd. Unitholders received cash payouts in late December, with non-Canadian holders receiving payouts based on the exchange rate as of the date of closing.
[4] The Harvest Energy Trust paid a high dividend, for example yielding an annual rate of 16.0% in early 2008; it also paid out monthly, a relative rarity for equities listed on the New York Stock Exchange.