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by The Canadian Press Last Updated Apr 21, 2021 at 4:25 pm ADT CALGARY The Alberta Energy Regulator says troubled oil and gas producer SanLing Energy Ltd. has warned it will cease operations as of April 30. It says the Orphan Well Association has therefore applied to the Court of Queen’s Bench to have a receiver assume control of SanLing’s assets. In March, the AER said it was suspending licences for thousands of wells and pipelines after private Calgary-based SanLing failed to bring its operations into regulatory compliance. It ordered the company to suspend its 2,266 wells, 227 facilities and 2,170 pipelines, which were producing about 4,200 barrels of oil equivalent per day, primarily dry natural gas. ....
CALGARY Calgary-based SanLing Energy has announced it will be closing down its operations, meaning thousands of wells and pipelines will go into recievership. The Alberta Energy Regulator (AER) says the development comes after the body suspended the company for not complying with a number of it s obligations in regards to its facilities. Now, the company says it will officially cease operations as of April 30. In the meantime, the Orphan Well Association (OWA) says it has applied to the Alberta Court of Queen s Bench to have a receiver assume control of the company s properties. Officials say numerous attempts were made to bring SanLing into compliance, and it s unfortunate that the company announced the closure. ....
SanLing Energy to cease operations amid AER suspension order The Alberta Energy Regulator says SanLing Energy Ltd. has told the agency it intends to cease operations at the end of April. Last month, the regulator suspended operations belonging to the company, saying it had little confidence in SanLing s ability to conduct its operations safely. Social Sharing CBC News · Posted: Apr 21, 2021 1:39 PM MT | Last Updated: April 21 The Alberta Energy Regulator said last month that the privately owned junior energy company owes $67 million in security to the agency for its end-of-life obligations. (Kyle Bakx/CBC) ....
Court asked to step in as SanLing Energy warns it intends to stop operations | iNFOnews infotel.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from infotel.ca Daily Mail and Mail on Sunday newspapers.