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Lloydminster sees over $60.5 million in work packages on Inactive Oil And Gas Sites


Lloydminster sees over $60.5 million in work packages on Inactive Oil And Gas Sites
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(Ryan Glover, Flickr Creative Commons)
The Saskatchewan Government is calling the first year of their Accelerated Site Closure Program a success, after strong uptakes in areas like Lloydminster.
The province rolled out the project last year. It was put in place so that Saskatchewan-based oil and gas service companies to clean up and reclaim areas with inactive oil and gas well sites across the province.
The initiative has $400 million to be dispersed under the Federal Government’s COVID-19 Economic Response Plan. Of that, $184 Million in work contracts have sent out, with a total of $61 million being paid for already complete work. ....

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First year of inactive well program hailed as a strong success


Launched in May 2020, the ASCP will provide up to $400 million in federal government funding over two years through the COVID-19 Economic Response Plan. 
This program has helped to create and maintain oil and gas service sector jobs and sustain the overall health of Saskatchewan s energy sector during a very challenging time, Energy and Resources Minister Bronwyn Eyre said. The ASCP, which builds on the work that Saskatchewan was already doing in this area, is a major economic stimulus program that is also good for the environment.
Working with Minister Eyre and the Government of Saskatchewan, this program kept workers on the job this past year during the pandemic, Canada s Minister of Natural Resources Seamus O Regan Jr. said. We re cleaning up our environment, and supporting the hardworking men and women in our oil and gas sector - including in First Nations and Métis communities. ....

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Saturn Oil & Gas Inc. Announces Transformational Light Oil Asset Acquisition of 6,700 boe/d to Become One of the Leading Producers and Land Holders in Southeast Saskatchewan


Saturn Oil & Gas Inc. Announces Transformational Light Oil Asset Acquisition of 6,700 boe/d to Become One of the Leading Producers and Land Holders in Southeast Saskatchewan
Mission is to continue to be an acquirer of accretive assets in Western Canada
Acquisition builds on Saturn s existing environmental, social and governance ( ESG ) performance, while supplying responsibly-produced ethical Canadian crude oil to service global market demand
Calgary, Alberta (Newsfile Corp. - May 13, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) ( Saturn or the Company ) is pleased to announce that it has entered into an arms-length definitive agreement to acquire assets in the Oxbow area of Southeast Saskatchewan (the Oxbow Assets or the Acquisition ) for approximately $93 million, funding for which is outlined below. ....

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