Calgary energy company told to abandon hundreds of wells after ongoing care problems

  • 📰 CBCCalgary
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

A de-commissioned pumpjack is shown at a well head on an oil and gas installation near Cremona, Alta., Saturday, Oct. 29, 2016. The number of orphan wells in British Columbia has more than doubled thanks to the failure of one oil and gas company.

A Calgary energy company has been ordered to abandon close to 2,000 wells, pipeline sections and other facilities over concerns about care and maintenance of the sites.Posted: Jun 10, 2024 5:24 PM EDT | Last Updated: 1 hour ago

In a release issued Monday, the Alberta Energy Regulator told the company it has 60 days to complete the first stage of cleanup for 817 wells, 964 pipeline segments and 77 facilities. The association is an industry-funded group that cleans up wells for which no solvent owner can be found. As of June 1, it had 2,647 sites in its inventory, which didn't include Tallahassee assets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 78. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Opportunity Calgary Investment Fund: Helping Shape Calgary’s Economic FutureThe fund is one of Calgary’s most effective tools to build a diversified and resilient economy.
Source: AvenueMagazine - 🏆 40. / 63 Read more »