2019-11-06 Houston Oil And Gas, Calgary, Leaves Up To 1,400 Orphaned Wells After Going Bust, Huff Post
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It will cost more than $80 million to clean this up.
The Alberta Energy Regulator suspended all of Houston’s licences for wells producing natural gas containing toxic hydrogen sulphide on Aug. 30 after the company warned it would have to shut down all of its oil and gas operations due to its financial distress.
Last month, the AER ordered all of Houston’s licences suspended and noted it hadn’t paid $1.34 million in levies it owed to the orphan well fund.
It said Houston had advised it no longer had any employees.
The company’s production is about 95 per cent natural gas, mainly from wells in southeastern Alberta.