The Alberta Energy Regulator issued a formal notice of investigation to Trilogy Energy Corp. on Oct. 25 after a company pipeline spilled about 1,600 barrels of mixed oil and water in central Alberta.
Calgary-based Trilogy reported the oil emulsion leak on Oct. 7, and said it was discovered within its Kaybob Montney development about 15 kilometers (nine miles) northeast of the town of Fox Creek.
In a statement, the regulatory agency said its investigation will confirm the volume of the spill and consider potential enforcement actions against Trilogy.
The regulator had already issued an environmental protection order forcing the company to suspend operations and contain the leak.
Trilogy shares were down 5.9% by midafternoon Oct. 25 on the Toronto Stock Exchange at CA$7.53.
Recommended Reading
TPG Adds Lebovitz as Head of Infrastructure for Climate Investing Platform
2024-02-07 - TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions globally.
Air Products Sees $15B Hydrogen, Energy Transition Project Backlog
2024-02-07 - Pennsylvania-headquartered Air Products has eight hydrogen projects underway and is targeting an IRR of more than 10%.
NGL Growth Leads Enterprise Product Partners to Strong Fourth Quarter
2024-02-02 - Enterprise Product Partners executives are still waiting to receive final federal approval to go ahead with the company’s Sea Port Terminal Project.
Sherrill to Lead HEP’s Low Carbon Solutions Division
2024-02-06 - Richard Sherill will serve as president of Howard Energy Partners’ low carbon solutions division, while also serving on Talos Energy’s board.
Magnolia Appoints David Khani to Board
2024-02-08 - David Khani’s appointment to Magnolia Oil & Gas’ board as an independent director brings the board’s size to eight members.