The Financial Post reports in its Thursday edition that Athabasca Oil and Cenovus Energy are planning to create a new joint-venture stand-alone company called Duvernay Energy Corp. A Canadian Press dispatch to the Post says that Athabasca will own a 70-per-cent equity interest in Duvernay Energy with Cenovus owning the remaining 30 per cent. The companies will jointly back the creation of Duvernay, with Athabasca contributing $22-million in seed capital and Cenovus contributing $18-million. The creation of the joint venture will consolidate the two companies' assets in the prolific Kaybob Duvernay resource play in northwest Alberta. The companies say current production from the Duvernay Energy assets is 2,000 barrels of oil equivalent per day, and they plan to increase that to 25,000 boe/d by the end of the decade. Athabasca will manage Duvernay Energy.