Roughneck Mag

Tag: oil well

Briefs

Whitecap Resources Inc. Announces First Quarter 2018 Results and 5% Dividend Increase

CALGARY, May 2, 2018 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to report its operating and unaudited financial results for the three months ended March 31, 2018. Selected financial and operating information is outlined below and should be read with Whitecap’s unaudited interim consolidated financial statements and related Management’s…

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

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…