Tag: Orphan

Failure of Houston Oil & Gas threatens to create up to 1,400 orphan wells

CALGARY – The latest failure of a Calgary-based junior oil and gas producer could add more than 1,400 wells to a provincial inventory of orphaned petroleum assets, warns the Alberta Orphan Well Association. The total estimated abandonment and reclamation bill associated with wells, pipeline segments and other assets owned by Houston Oil & Gas Ltd.…