Calgary-based Houston Oil & Gas ceases operations, leaving almost 1,300 wells needing cleanup
"Another Alberta oil and gas company has closed its doors, leaving more than $80 million in estimated costs to clean up 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."