Raging wildfires in Alberta, Canada, continue to hamper production, with Baytex Energy Corp. and other companies reporting disruptions. (Source: Shutterstock.com)
Raging wildfires in Alberta, Canada, continue to hamper production, with Baytex Energy Corp. and other companies reporting disruptions.
Baytex said on May 15 that ongoing wildfires have affected operations in the Peace River and Peavine regions of northwest Alberta.
Baytex said it had safely evacuated affected personnel and as a precaution shut-in production and operated infrastructure. Since May 13, the company has shut-in approximately 20,000 boe/d of production. In west-central Alberta, approximately 4,000 boe/d remains shut-in since May 5 due to shut-in of third-party infrastructure.
In other updates, E&P Pipestone Energy Corp. said on May 15 that production has again been shut down since May 12 due to wildfires in close proximity to third-party processing facilities.
Production had previously resumed from May 8 to May 12 before shutting down again, affecting approximately another 20,000 boe/d of production in the Grande Prairie area in this most recent shut-down. Production is ready to resume as soon as the third-party infrastructure is restarted.
On May 11, midstream service provider Pembina Pipeline Corp. announced operations at all of its facilities had resumed with no material damage to assets. The company has not posted any additional updates since then.
Recommended Reading
Buying Time: Continuation Funds Easing Private Equity Exits
2025-01-31 - An emerging option to extend portfolio company deadlines is gaining momentum, eclipsing go-public strategies or M&A.
Utica Oil’s Infinity IPO Values its Play at $48,000 per Boe/d
2025-01-30 - Private-equity-backed Infinity Natural Resources’ IPO pricing on Jan. 30 gives a first look into market valuation for Ohio’s new tight-oil Utica play. Public trading is to begin the morning of Jan. 31.
HNO International Enters $10MM Hydrogen Offtake Agreement
2025-01-30 - HNO International has agreed to supply hydrogen to a Texas-based company from its 1.25-megawatt hydrogen platform.
Baker Hughes Wins LNG Technology Orders for Venture Global
2025-01-30 - Baker Hughes Co. also signed a multiyear services agreement to support the first two phases of Venture Global’s Plaquemines LNG project in Louisiana.
EnLink Investors Vote in Favor of ONEOK Buyout
2025-01-30 - Holders of EnLink units voted in favor of ONEOK’s $4.3 billion acquisition of the stock, ONEOK announced Jan. 30.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.