.png)
Calgary-based Houston Oil & Gas entered receivership last week, leaving behind 1,264 wells, 41 facilities and 251 pipelines. (Matthew Brown/ Associated Press) Another Alberta oil and gas company has closed its doors, leaving more than $80 million in estimated costs to cleanup its remaining wells, pipelines and facilities. 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. "I feel bad for them," said Marc Raedschelders, who has a Houston natural gas well on his property near Pincher Creek in the southwest corner of the province. Raedschelders said he’s not surprised the company is no longer operating, since Houston’s surface rights payments to him were often delayed. He’s unsure whether the well on his property will be sold to a different company or be decommissioned. "I don’t know what my options are," he said. 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. […]
