Medicine Hat to shut 2000 shallow gas wells in $90M plan
City council backs an accelerated three year program to close 2000 shallow gas wells to cut costs and curb losses. Commissioner Maynes cites potential $35 million in losses this year and says delays raise abandonment costs while Mayor Clugston notes the move shows focus on troubled conventional gas producers.
MENTIONED IN THIS ARTICLE
Medicine Hat
Brad Maynes
Coun
Jim Turner
Energy Committee
Maynes
Council
Ted Clugston
Julie Friesen
Business survey targets expansion barriers in southeast Alberta
Eighty volunteers will visit about 500 businesses across Medicine Hat Cypress County Bow Island and Forty Mile to interview owners on hiring plans workforce levels and recruitment obstacles. Invest Southeast Alberta aims to map labour needs and craft actions to retain and expand business amid likely 1000 new positions from upcoming plants.
MENTIONED IN THIS ARTICLE
Collin Gallant
Alberta
Esplanade Theatre
Invest Southeast Alberta
Donovan Bellamy
Dynamic Industrial Solutions
Sandra Blythe
Medicine Hat
Cypress County
Bow Island
Forty Mile
Higher oil prices lift Canadian energy stocks after Saudi attacks
Calgary traders brace for higher fuel costs as oil prices jump on attacks linked to Saudi facilities. TSX energy index up 9.25 percent led by Baytex Encana MEG Canadian Natural Cenovus while 52 week highs remain distant. Analyst says risk premium fuels price lift with potential continued cash flow for energy firms.
MENTIONED IN THIS ARTICLE
Calgary
Toronto Stock Exchange
U.S
Baytex Energy Corp
Encana Corp
MEG Energy Corp
Canadian Natural Resources Ltd
Cenovus Energy Inc
Randy Ollenberger
Oil and Gas Equity Research
BMO Capital Markets
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CollinGallant
The
Medicine Hat News
Allison McCaw
Cypress Centre
Community Foundation OF
Southeastern
Jaysyay
Adast. OR
Ken Sauer
Nation Opinion Sports West
Ken
Pat
Medicine
HAT
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