Roughneck Mag

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Truth + Consequences of ‘Real’ versus ‘Implied’ Liabilities of Abandoned Wells
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Truth + Consequences of ‘Real’ versus ‘Implied’ Liabilities of Abandoned Wells

By William Sattlegger, P. Geo.President, Foreshore Resources Ltd. The energy industry is faced with accrued environmental liabilities in part due to end of life reserves, subpar economics, and the culture of deferring well suspensions, abandonments, and site reclamations has resulted in an ever-increasing inventory of inactive wells across the Western Canadian Sedimentary Basin. This is…

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Canadian Producers News Roundup

Acceleware Ltd. won a $10.0 MM non-repayable grant to do commercial-scale testing of its clean energy technology for bitumen and heavy oil extraction. Advantage Oil & Gas Ltd. announced its 2018 capital expenditure budget will be $175.0 MM. AltaCorp and ATB announced a ‘deepening strategic relationship’ as the banker becomes the company’s largest shareholder. AltaGas…