Real Assets

Orphan Well Association Steps In Appoint Reciever Of Sanling Energy's Assets

by calgary.ctvnews.ca posted 5months ago 40 views
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.

In this article