Perpetual Energy Inc. continues its environmental, social, and corporate governance (ESG) focus, with total abandonment and reclamation expenditures of up to $2.3 million planned in 2021, with an estimated $1.2 million to be funded through Alberta's Site Rehabilitation Program (SRP).
November 12, 2021, 6:06 AM MST
During the nine months ended Sept. 30, 2021, Prairie Provident Resources Inc. actively reduced its decommissioning liabilities with a combination of $1.8 million of funding from Alberta’s Site Rehabilitation Program (SRP) and $700,000 of internal funding.
November 11, 2021, 4:56 AM MST
Bonterra Energy Corp. continues to reduce its decommissioning liabilities with support of the Alberta Site Rehabilitation Program (SRP).
November 10, 2021, 8:56 AM MST
Journey Energy Inc. has been able to take advantage of the Site Rehabilitation Program (SRP) whereby government funds are provided to industry to complete abandonment work.
November 10, 2021, 9:23 AM MST
Surge Energy Inc. continues to reduce the impact of its operations on the environment and reported that it has abandoned over 190 wells in the first nine months of 2021.
November 4, 2021, 12 AM MDT
SECURE Energy Services Inc.’s first quarter as a combined company with Tervita Corporation demonstrates that the increased size and scope generates significant free cash flow, improving overall leverage and enhancing the ability to deliver greater shareholder returns, says Rene Amirault, president and chief executive officer.
November 1, 2021, 12:42 PM MDT
CWC Energy Services Corp. reported a strong start to Q4 2021 with both the number of drilling rigs and service rigs back to the peak activity levels experienced this past winter in Q1 2021.
October 29, 2021, 8:31 AM MDT
The additional $6.9 million of Alberta Site Rehabilitation Program (SRP) support Obsidian Energy Ltd. received through Periods 7 and 8 allocations brings total support from the ASRP to over $35 million of grants and allocations.
October 28, 2021, 12 AM MDT
Unlike a direct grant program, an RStar program being touted for well clean-up would not require direct outlay of cash from government, it would be applied fairly across all licencees, and it potentially would allow for new financing towards wellsite reclamation in Alberta on the basis of it being an environmental, social and governance (ESG) investment, say pilot project proponents.
October 22, 2021, 6 AM MDT
Regardless of who wins next week’s municipal election, Calmar’s mayor will have to deal with the issue of legacy wellsites, says Mayor Wally Yachimetz, as this is a key matter in terms of the town’s future economic development.
October 14, 2021, 6:40 AM MDT
Obsidian Energy Ltd. has been allocated an additional $6.9 million of Alberta Site Rehabilitation Program (SRP) support through Periods 7 and 8 allocations, bringing total support from the ASRP to over $35 million.
September 15, 2021, 6:36 AM MDT
Alberta’s Site Rehabilitation Program (SRP) Indigenous Roundtable has represented something of a “learning opportunity” for the provincial government, working in partnership with the Indian Resource Council of Canada (IRC), as well as Indigenous communities and businesses, according to Steve Saddleback.
September 10, 2021, 12 AM MDT
Increased well closure activity due to the Site Rehabilitation Program (SRP) and other financial incentives helps create and sustain thousands of jobs across the province, while also contributing to responsible resource development, says a newly-released PetroLMI report, which also suggests the SRP is contributing to OFS worker shortages.
September 10, 2021, 3:58 PM MDT
Alberta’s Site Rehabilitation Program (SRP) is proving to be hugely beneficial for many Indigenous energy services companies and workers, says Steve Saddleback, director for the National Energy Business Centre of Excellence at the Indian Resource Council of Canada (IRC).
September 9, 2021, 6 AM MDT
Journey Energy Inc. plans on returning to the field in early 2022 and this should increase both production and the oil weighting to pre-pandemic levels over time.
August 11, 2021, 12 AM MDT
The Alberta Energy Regulator (AER) is prescribing an LFP orphan fund levy (large facility liability management program) of $3.5 million for the 2021/22 fiscal year, to be issued in September 2021.
August 10, 2021, 1:14 PM MDT
Cardinal Energy Ltd.’s second quarter production of 17,949 boe/d was five per cent higher than the same period in 2020.
July 30, 2021, 6 AM MDT
Surge Energy Inc. touted its cash flow "torque" to rising crude oil prices in 2022.
July 30, 2021, 12 AM MDT
CWC Energy Services Corp. reported a strong start to Q3 2021 with both the number of drilling rigs and service rigs back to the peak activity levels experienced this past winter in Q1 2021.
July 30, 2021, 7:23 AM MDT
The B.C. government is awarding the second $50-million instalment provided by the federal government to projects that will clean up dormant oil and gas sites.
July 8, 2021, 9:47 AM MDT
June 30, 2021, 6:38 AM MDT
Obsidian Energy Ltd. continues to reduce its decommissioning liabilities and remains committed to further reducing this obligation, company executives said Wednesday.
June 18, 2021, 12 AM MDT
Alberta energy service companies should have access to government innovation and technology funding to help improve environmental outcomes without first requiring E&P sponsorship, members of the Petroleum Services Association of Canada (PSAC) told the province’s energy minister during a fireside chat on Wednesday.
June 10, 2021, 6:23 AM MDT
Beginning Jan. 1, 2022, each oil and gas licensee with liability associated with inactive infrastructure will be required to meet an individual annual mandatory target determined by the Alberta Energy Regulator (AER).
June 8, 2021, 3:20 PM MDT
The Alberta Energy Regulator’s (AER) ongoing efforts to modernize its regulatory structure continue to progress and will lead to sizeable cost savings for producers, says president and CEO Laurie Pushor.
June 2, 2021, 6 AM MDT