JX Energy Ltd., an exploration and development company, engages in the exploration and development of natural gas and crude oil in Alberta, Canada. The company owns interests in the Alberta Foothills liquids-rich natural gas properties; and the Peace River light oil properties in Dawson area. As of December 31, 2021, it had approximately 50,000 net acres of land in the Western Canadian Sedimentary Basin; 5,092 thousand barrels of oil equivalent (Mboe) of net proved reserves; and 6,937 Mboe of net proved plus probable reserves.