City sells Glauc C field as patch wind down continues
Poll
Now that the SCOC has ruled, should Alberta go back to a carbon tax created here, for here?
Create our own
COLLIN GALLANT
Twitter: CollinGallant
The City of Medicine Hat has sold its strongest producing oil field with elected officials and administrators saying the risks of spending more cash to boost profits in the oil business are too great for a local government to take on.
The sale of municipality’s one-quarter interest in the 2,700-barrel per day “Glauc C” field, was announced and approved at Monday’s city council meeting.