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Cleanup boost for old oil and gas sites to create jobs

Petroleum Services Association of Canada applauds Alberta government for introducing orphan wells program The Alberta government introduced legislation that would allow it to lend Orphan Well Association (OWA) $235 million to speed up proper abandonment and reclamation of a growing number of oil and gas well sites that no longer have a responsible owner, according […]

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Texas-based Basic Energy Services using interest payment grace period to avoid default

“There are no discussions underway that would impair trade vendors, customers, or employees in any regard…” – Basic Energy Services Fort Worth, Texas – Basic Energy Services, Inc. announced that it has elected to utilize the 30-day grace period with respect to an $18.4 million interest payment due today on its 7.75 per cent senior notes due 2019, according

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