Canadian Oil Driller Abruptly Shuts Down, Abandons 4,700 Wells
Canadian Oil Driller Abruptly Shuts Down, Abandons 4,700 Wells
A junior Canadian gas E&P company has shut down abruptly, leaving as many as 4,700 wells behind, CBC reports, quoting the Alberta Energy Regulator, which said it had sent Trident Exploration Corp. an order to manage its wells, to which the company did not respond.
Trident closed two days ago and announced it would not be returning any money to shareholders or holders of unsecured bonds, adding it had well abandonm...