Lexin finally being forced to close up shop. Companies like this really give O&G a bad name. I am not exactly sure of MFC's involvement with them but talk around the office is they should be on the hook in some capacity here.
http://www.cbc.ca/news/canada/calgar...down-1.3984287
Quote:
The Alberta Energy Regulator (AER) has suspended the operation of natural gas and crude oil producer Lexin Resources, leaving more than 1,600 well sites, pipeline segments and other facilities to be cleaned up or sold off.
This is the largest suspension order ever by the AER.
Calgary-based Lexin, which also operated a sour gas plant in southern Alberta, has 1,380 well sites, 201 pipeline licences and 81 facilities. Those have all been turned over to the Orphan Well Association to be suspended and locked up.
|