EDMONTON — With Alberta’s main oil export selling at record lows, some producers are facing a full-blown crisis, while politicians are weighing responses to what Premier Rachel Notley has called a “real and present danger to the Canadian economy.”.

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  6 Dec 2018 Alberta has announced an oil production cut, citing tight pipeline capacity. It's an effort to buy time for the industry, but it doesn't fix the underlying problems. led most multinational oil companies to pull out of the tar sands. 5 Jan 2020 That's part of the reason oil companies intentionally shuffle older that the problem eventually gets dumped in the Alberta government's lap to  9 Nov 2019 Canada's oil sands create prosperity across the entire country – not just in Alberta. Local companies in every province supply goods and  The company, predominantly focused on natural gas, had approximately 3,650 wells, 240 facilities and 500 pipelines, according to the Alberta Energy Regulator.

The company, predominantly focused on natural gas, had approximately 3,650 wells, 240 facilities and 500 pipelines, according to the Alberta Energy Regulator.

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  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. 12 Feb 2020 “When multinational companies like HSBC boycott Alberta, we'll boycott them. Because Alberta's oil is locked in geological formations that make it The problem with that approach, she said, is that the government has 

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 

Alberta's economy is the sum of all economic activity in Alberta, Canada's fourth largest By April 2019, two of the major oil companies, still had thousands of or raising taxes isn't the solution"—the problem with Alberta's finances is that 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  

5 Jan 2020 That's part of the reason oil companies intentionally shuffle older that the problem eventually gets dumped in the Alberta government's lap to 

12 Feb 2020 “When multinational companies like HSBC boycott Alberta, we'll boycott them. Because Alberta's oil is locked in geological formations that make it The problem with that approach, she said, is that the government has  10 Mar 2020 Major restructuring and consolidation of the Alberta-dominated Canadian oil and gas An Update on the Big Five Canadian Oil Companies. 8 Jan 2020 The Syncrude Project in Fort McMurray, Alberta, Canada, on March 6, owned by Imperial Oil Resources and other oil and gas companies. 27 Nov 2019 The Alberta Energy Company was given some attractive oil differences in their approaches to dealing with the climate problem, and these  The 10 largest companies are responsible for more than half of oil and gas production in Canada. Top 10 Canadian Oil Sands Companies. Suncor Energy Inc. Once oil and gas companies are finished actively producing from a well, they are legally required to clean, cap, and “reclaim” them. The problem is, they're not 

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.

The company, predominantly focused on natural gas, had approximately 3,650 wells, 240 facilities and 500 pipelines, according to the Alberta Energy Regulator. 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

6 Dec 2018 Alberta has announced an oil production cut, citing tight pipeline capacity. It's an effort to buy time for the industry, but it doesn't fix the underlying problems. led most multinational oil companies to pull out of the tar sands. 5 Jan 2020 That's part of the reason oil companies intentionally shuffle older that the problem eventually gets dumped in the Alberta government's lap to  9 Nov 2019 Canada's oil sands create prosperity across the entire country – not just in Alberta. Local companies in every province supply goods and  The company, predominantly focused on natural gas, had approximately 3,650 wells, 240 facilities and 500 pipelines, according to the Alberta Energy Regulator. 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