Calgary-based Houston Oil & Gas ceases operations, leaving almost 1,300 wells needing cleanup

Calgary-based Houston Oil & Gas told the Alberta Energy Regulator (AER) last month that it was ceasing operations and no longer has any employees, according to court documents. Houston entered receivership last week.

The company is focused primarily in southeast Alberta and predominantly produces natural gas, according to its web site.

Houston has 1,264 wells, 41 facilities and 251 pipelines, according to documents.

An oilfield service crew decommissions a natural gas well near Stettler, Alta. The sector faces challenges including lower capital flows and weaker prices. (Kyle Bakx/CBC)

The court documents say some of the wells have already been transferred to the Orphan Well Association (OWA) to be decommissioned. The OWA is an industry-funded organization that cleans up old oil and gas infrastructure when companies go bankrupt and the assets cannot be sold.

Calgary-based Houston Oil & Gas told the Alberta Energy Regulator (AER) last month that it was ceasing operations and no longer has any employees, according to court documents. Houston entered receivership last week.

The company is focused primarily in southeast Alberta and predominantly produces natural gas, according to its web site.

Source