Oil and gas insolvencies surge to highest level in 3 years

Tighter rules around well cleanups make it tough for junior oil and gas producers to weather swings in energy prices

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Published Dec 18, 2024 • Last updated 7 minutes ago • 8 minute read

The 2019 Redwater ruling by the Supreme Court of Canada has made it harder to wind down struggling oil and gas companies, insolvency experts say. Photo by Jeff McIntosh/THE CANADIAN PRESS

A protracted downturn in natural gas prices has battered the balance sheets of some oil and gas producers in Western Canada, driving…

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Oil and gas insolvencies surge to highest level in 3 years

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