Alberta oil companies in trouble

Our Debtor Registry lists any person or company that owes a debt to the AER. Debtors to the AER are defined under section 103 of the Oil and Gas Conservation Act. Under this section, we 1316751 Alberta Ltd. $ 15,902.13, Noncompliant.

15 Jan 2020 Group cleaning up old oil wells says Alberta government rules inadequate inventory of energy facilities abandoned by bankrupt companies has grown or environmental problems arise,” said Canadian Natural Resources. 27 Feb 2017 “The problem was the AER (Alberta Energy Regulator) was taking a long “What it does is protect the well-off oil companies,” he told National  13 Feb 2020 Money Man in UCP 'Kamikaze' Scheme Left Alberta With Over a A bankrupt oil company run by one of the central figures in the UCP “The problem is we let these liabilities die with these companies,” Boychuck said. 20 Nov 2018 While the U.S. oil industry has hit a speed bump with the recent $20 drop in Unprecedented doldrums prompting companies to shut in output. 9 Feb 2020 Here are some good references for old oil companies in Alberta and Canada. A later news article indicated they had trouble with the well and  22 Mar 2018 “If an oil company approaches them for a new well site on their land they should object, to the Alberta Energy Regulator, to that well site and 

With approximately 1.1 million net acres of land in Western Canada, Repsol is a key player in the Canadian oil and gas industry. It's focused on liquids and gas assets in the Greater Edson area of Alberta, conventional heavy oil western assets in the Chauvin area of Alberta/Saskatchewan, and liquids-rich gas assets in Alberta’s

It won’t come as a surprise, then, to learn that two former Canadian all-stars— Precision Drilling Corp (TSX:PD) (NYSE:PDS) and Athabasca Oil Corp (TSX:ATH) —have fallen by more than 70% over the last five years. More recently, investors have been wondering if bankruptcy is the inevitable scenario for both stocks. Bankrupt oil companies are saddling Alberta landowners with ‘orphan wells’ The Orphan Well Association is tasked with cleaning up the environmental messes left behind, but it’s having Why Alberta oil prices are so low, and what could happen if they stay that way 'It's reached the point where there's extreme concern on the streets of the region,' said the mayor of the In releasing their latest quarterly earnings, Royal Bank, CIBC and Scotiabank each added nine oil and gas firms to their loan watch lists, the latest sign of trouble in the oilpatch. Oil production in the United States alone has increased by two million barrels a day, to 11 million, which, along with increased global production, is squeezing Canadian supply even further. Bankrupt oil companies dump $100 million in clean up costs on Orphan Well Association in under two years The Alberta government is concerned more companies will strip off bad assets, handing the With approximately 1.1 million net acres of land in Western Canada, Repsol is a key player in the Canadian oil and gas industry. It's focused on liquids and gas assets in the Greater Edson area of Alberta, conventional heavy oil western assets in the Chauvin area of Alberta/Saskatchewan, and liquids-rich gas assets in Alberta’s

6 Feb 2020 But as companies in the Alberta oil patch struggle to stay afloat after a introduce new measures to address the problem of orphan wells this 

Bankrupt oil companies are saddling Alberta landowners with ‘orphan wells’ The Orphan Well Association is tasked with cleaning up the environmental messes left behind, but it’s having Why Alberta oil prices are so low, and what could happen if they stay that way 'It's reached the point where there's extreme concern on the streets of the region,' said the mayor of the In releasing their latest quarterly earnings, Royal Bank, CIBC and Scotiabank each added nine oil and gas firms to their loan watch lists, the latest sign of trouble in the oilpatch. Oil production in the United States alone has increased by two million barrels a day, to 11 million, which, along with increased global production, is squeezing Canadian supply even further. Bankrupt oil companies dump $100 million in clean up costs on Orphan Well Association in under two years The Alberta government is concerned more companies will strip off bad assets, handing the

Although there are numerous oil companies operating in Canada, the majority of production, 2,412 oil and gas companies are based in Calgary, Alberta alone. About a decade later Husky ran into financial problems that were solved when  

12 Jun 2019 The Narwhal dug into the financial statements of the five biggest oil companies operating in Alberta to get a sense of how they're really faring. 6 Feb 2020 But as companies in the Alberta oil patch struggle to stay afloat after a introduce new measures to address the problem of orphan wells this  6 Nov 2019 Alberta Energy Regulator (AER) was notified by Calgary-based and other oil and gas companies have been experiencing similar problems. 15 Nov 2019 Canada's $1.6-billion bailout package for Alberta's battered oil last December is in the hands of companies, but details are available for just a  25 Jun 2019 Provinces that will be of interest to energy investors across North America include Alberta, British Columbia, Manitoba, Saskatchewan, and the  23 Nov 2018 Alberta's energy sector is hurting severely but few in the rest of Canada seem to care. What had been a locomotive for growth both in the province 

6 Feb 2020 But as companies in the Alberta oil patch struggle to stay afloat after a introduce new measures to address the problem of orphan wells this 

25 Jun 2019 Provinces that will be of interest to energy investors across North America include Alberta, British Columbia, Manitoba, Saskatchewan, and the  23 Nov 2018 Alberta's energy sector is hurting severely but few in the rest of Canada seem to care. What had been a locomotive for growth both in the province  Our Debtor Registry lists any person or company that owes a debt to the AER. Debtors to the AER are defined under section 103 of the Oil and Gas Conservation Act. Under this section, we 1316751 Alberta Ltd. $ 15,902.13, Noncompliant.

3 May 2019 There's another victim in Alberta of the persistently low oil and gas prices after Trident Exploration ceased operations this Several other companies could suffer the same fate. "[For] a lot of them, it's a cashflow problem. 18 Dec 2019 Either way, the problem is daunting. The Financial Post sorted through well data from before 1964, the year the Alberta government started  12 Jun 2019 The Narwhal dug into the financial statements of the five biggest oil companies operating in Alberta to get a sense of how they're really faring.