The latest blow to Western Canada’s energy sector.
Houston Oil & Gas, a Calgary-based Alberta oil & gas company, has shut down.
The company has fully stopped operating, and has no employees.
The company had operated 1,264 wells and 251 pipelines.
On their website, Houston Oil & Gas also lists the properties they operated:
Gas properties: Pine Creek/Kaybob, Badger, Eyremore, Leckie, Carmangay, Herronton, Majorville, Lonesome, Shouldice, Thorhild, Nestow
Oil properties: Enchant, Carmangay, Pembina
It is expected that some of their wells will be decommissioned by the Orphan Well Association, at a cost of roughly $80 million.
This is the latest blow to Western Canada’s energy sector, following Encana’s decision to move to the United States and rebrand, removing any connection to Canada from their name.
As the oil industry faces mounting disaster, the Trudeau Liberals continue pushing ahead with legislation based on the rhetoric of foreign-funded opponents of Canada’s energy industry.
As a result, while countries around the world are expanding oil production, Canada is being played for fools, and our own federal government is destroying a key Canadian industry.
Unsurprisingly, that is causing separatist sentiment to surge in Alberta and Saskatchewan, and the worse things get for the energy industry the more support for separation will rise.
Photo – Screengrab