True North’s energy sector consists of oil and gas properties of which is held under the company’s wholly-owned subsidiary TN Energy inc.
True North has held assets in Alaska, Colorado and Oklahoma. The company's principal assets consisted of oil and gas leases covering approximately 35,000 acres in the Cook Inlet (25,000 acres) and Beaufort Sea (North Slope) (10,000 acres) areas of Alaska. On September 2007, the Company completed the acquisition of Prime Natural Resources Inc.'s interests in the Devon Fee Gas Unit and the O'Leary Gas Unit No. 1 in Brazoria County, Texas. On June 2007, the Company acquired certain oil and gas interests and properties in northwest Colorado in an area covering more than 17,000 acres. At the time of acquisition, these oil and gas interests had no production. True North held a 100% working interest in the leases comprising part of the acquired assets.
On 2011, the Company sold all property interests with the exception of Overriding Royalty Interest on properties in Alaska, 0.25%, of which have all subsequently expired, and Colorado, 0.375%.
On September 2014, True North won an auction and acquired a 0.051416% royalty interest in the producing wellbore of the K Farm 9-18N-1W #1WH located in Section 9-T18N-R1W, Payne County, Oklahoma. The well is operated by Devon Energy Corporation of Oklahoma City, Oklahoma.
True North continues to actively seek to expand its portfolio of energy assets.