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Connacher Oil and Gas Limited Provides Update and Announces Pipeline Project

Connacher Oil and Gas Limited Provides Update and Announces Pipeline Project News provided by Share this article Share this article CALGARY, AB, Jan. 21, 2021 /PRNewswire/ - Connacher Oil and Gas Limited ( Connacher or the Company ) is pleased to announce the following: While 2020 was an extremely challenging and unprecedented year for the energy sector, Connacher advanced several key initiatives in the second half of the year to position the Company for the future. Earlier in the year, following the precipitous drop in crude oil prices caused by the COVID-19 pandemic, Connacher significantly reduced production from its Great Divide operations in order to preserve cash. As prices began to recover, production was safely ramped back up to pre-COVID levels towards the end of the second quarter. While there are many challenges remaining in the sector, including pipeline egress out of the basin and the regulatory environment, the Company exited 2020 in a relatively strong position

Portofino legt eine Zusammenfassung des Jahres 2020 und erste Pläne für das Jahr 2021 vor

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