Environmental Remediation

  • Obsidian Focuses On Asset Retirements

    From 2019 to 2022, Obsidian Energy Ltd.  has properly abandoned 1,033 wells, discontinued and abandoned 2,650 kilometres of pipelines, abandoned 60 facilities and received 287 reclamation certificates, said Cliff Swadling, vice-president of operations.

    June 17, 2022, 12 AM MDT

  • Active Q1 For Clearview; Company Continues With Reactivation, Reclamation

    Clearview Resources Ltd. remained active in the field in the first quarter of 2022, reactivating two gross (2.0 net) wells and optimizing several wells throughout the company's core operating areas.

    May 30, 2022, 7:53 AM MDT

  • Extending Period 6 Of Alberta’s SRP Is A Boon For Indigenous Workers, Environment: IRC

    The Indian Resource Council of Canada (IRC) is calling on the federal government to continue funding Period 6 of Alberta’s Site Rehabilitation Program (SRP) — the First Nations’ Site Rehabilitation Program (FNSRP).

    May 19, 2022, 12 AM MDT

  • Kiwetinohk Makes Strides With Green Projects, Advances Talks With Partners

    Kiwetinohk Energy Corp. has ticked key boxes on its path to final investment decisions for two major low-carbon projects in its portfolio.

    May 18, 2022, 12 AM MDT

  • 360 Energy Liability Management Expands Into Northern Alberta With 2 Strategic Acquisitions

    360 Energy Liability Management Ltd. (360) announced the strategic acquisitions of SHARP Environmental (2000) Ltd. and Owl River Environmental Services Ltd.

    May 17, 2022, 7:50 AM MDT

  • Cardinal Expects To Exceed Annual Production Guidance After Strong Q1 Start

    Cardinal Energy Ltd. expects to exceed production guidance for the year after a successful 10-well drilling program in the first quarter — including four Clearwater oil wells, two Dunvegan light oil wells and four wells in its Southern Alberta area — increased current output.

    May 13, 2022, 10:02 AM MDT

  • InPlay Reducing Inactive Well Liability

    InPlay Oil Corp. continues to reduce its inactive well liability.

    May 11, 2022, 7:57 AM MDT

  • Bonterra To Continue Abandonment Program

    Bonterra Energy Corp. successfully abandoned 51.2 net wells, 12.0 net pipeline segments and decommissioned 2.0 net battery sites in Q1 with support from the Alberta Site Rehabilitation Program (SRP).

    May 10, 2022, 3:28 PM MDT

  • Obsidian Continued Decommissioning Efforts In Q1

    During the first quarter of 2022, Obsidian Energy Ltd. completed the last substantial component of its inactive legacy portfolio decommissioning.

    May 4, 2022, 8:28 AM MDT

  • SECURE Energy’s Growth Capital Will Be Focused On Long-Term Agreements

    SECURE Energy Services Inc. expects sustaining capital in 2022 to be $55 million, including capital expenditures related to landfill expansions of $15 million.

    April 28, 2022, 6:05 AM MDT

  • Yangarra Outlines Well Abandonment Program

    Yangarra Resources Ltd. continues to reduce the impact of non-producing wells on the overall valuation of the company and has $1.1 million of expenditures remaining to completely abandon and reclaim all standing wells in the company.

    April 27, 2022, 3:36 PM MDT

  • Obsidian Announces It Was A Big Buyer At Large Alberta March Sale

    Obsidian Energy Ltd. continues to add to its substantial land position in the Peace River area.

    April 12, 2022, 6 AM MDT

  • AER Issues 2022/23 Orphan Fund Levy For Large Facilities

    In accordance with Part 11 of the Oil and Gas Conservation Act and Directive 024: Large Facility Liability Management Program (LFP), the Alberta Energy Regulator (AER) is prescribing an LFP orphan fund levy of $6 million for the 2022/23 fiscal year, to be issued in April 2022. 

    April 11, 2022, 10:59 AM MDT

  • SRP Receives Extension: Alberta Government

    Alberta requested that the previous timelines for the Site Rehabilitation Program (SRP) be extended, and says that the federal government granted an additional 45 days for the SRP.

    April 6, 2022, 2:10 PM MDT

  • First Nations Benefit From Resource Development Opportunities

    Indigenous communities must always balance “protecting Mother Earth” with achieving economic development, says Stephen Buffalo, president and chief executive officer, Indian Resource Council (IRC).

    April 5, 2022, 4:30 PM MDT

  • Auditor General Finds SRP Is Effective, But Also Lacks Formal Risk-Management Processes

    While the Auditor General of Alberta determined that the Ministry of Energy has designed and implemented the Site Rehabilitation Program (SRP) to meet the program’s objectives, promptly issuing grants that have helped create employment in Alberta’s oil and gas sector during economically-challenging times, he also found the ministry did not have an adequate process to identify, analyze and respond to key risks to the SRP.

    March 23, 2022, 12 AM MDT

  • Countdown 2023: Western Provinces’ Site Rehab Programs See Federal Funding End On Dec. 31

    Now in its last year of receiving federal funding, the Site Rehabilitation Program (SRP) is proving successful in doing what it was intended to do, which is speeding up inactive well, pipeline and site-closure efforts in the energy sector, and in the process putting more Albertans to work, says Alberta Energy Minister Sonya Savage.

    March 22, 2022, 6 AM MDT

  • Saturn Provides Preliminary Drilling Results At Oxbow Asset

    Saturn Oil & Gas Inc. provided the preliminary results of its light oil development program at its Oxbow asset in Southeast Saskatchewan, for wells initiated in November 2021 and completed in January 2022.

    March 22, 2022, 6:54 AM MDT

  • Perpetual Spending Plan ‘Up To’ $28 Million

    Perpetual Energy Inc.'s board of directors has approved exploration and development capital spending of up to $28 million for 2022 to be fully funded from adjusted funds flow.

    March 15, 2022, 4:14 PM MDT

  • Cardinal Boosts Capital Plan

    Cardinal Energy Ltd. has approved a marginal increase to its capital program for 2022.

    March 15, 2022, 8:06 AM MDT

  • Saturn Lays Out 2022 Capital Plan

    Saturn Oil & Gas Inc. has outlined a 2022 capital expenditures budget totalling $50 million.

    March 14, 2022, 5:15 AM MDT

  • Journey Boosts Capital Spending Plan

    Journey Energy Inc. has increased its 2022 capital budget to $43 million from $36 million and now plans to drill 15 wells. 

    March 10, 2022, 12 AM MST

  • Bonterra Production Climbed In 2021

    Bonterra Energy Corp.’s output averaged 12,747 boe/d in 2021, a 21 per cent increase over 2020.

    March 10, 2022, 6:03 AM MST

  • Active 2021 For Surge Carries Over Into 2022

    In 2021, Surge Energy Inc. drilled a total of 48.0 net wells with a 100 per cent success rate, spending a total of $103.8 million for expenditures on property, plant, and equipment.

    March 10, 2022, 12:30 PM MST

  • Record Funds Flow For Pine Cliff

    Pine Cliff Energy Ltd.’s adjusted funds flow of $26.3 million generated during the fourth quarter of 2021 and $59.1 million for 2021 were the highest quarterly and annual adjusted funds flow for the company since inception.

    March 9, 2022, 12 AM MST

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