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The Alberta regulator takes aim at a growing backlog of inactive wells. Again.
Lloydminster heavy oil is one of the most profitable resource plays in North America, according Scotia Capital Inc.’s ranking of plays released in March.
Fracturing horizontal wells is an expensive proposition up front. In the emerging Duvernay shale play, Yoho Resources Inc. reported completion costs of $7 million per well—or a little over 58 per cent of the cost of drilling, casing and completing the well—this summer.
While Alberta is in no danger of running out of its energy resources any time soon, it will run out of its social licence to access those resources if it doesn’t do a good job of also protecting the environment, the province’s newly-appointed energy minister has warned.
The City of Medicine Hat is suing the federal government for $42 million in response to the Emergency Order for the Protection of the Greater Sage-Grouse, and its impact on the city’s Manyberries oilfield interests.
JuneWarren-Nickle’s Energy Group (JWN) — a division of Glacier Media Inc. — is joining forces with Evaluate Energy, owners of the popular Canoils database, to expand the range of energy information intelligence and tools it offers its growing client base.
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This Month in Oilpatch History
Ground survey and other work on the 450-mile EDMONTON-REGINA crude oil line is proceeding as rapidly as possible, Dr. O. B. Hopkins, newly…
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