Tag: oil and gas

Calgary, Alberta, Aug. 14, 2025 (GLOBE NEWSWIRE) -- The Alberta Energy Regulator (AER) has issued an administrative penalty totaling $448 980.49 to Terroco Industries Ltd. (Terroco) for contravening the Oil and Gas Conservation Rules. A copy of the decision is on the AER’s Compliance Dashboard.   
  
Following an investigation by the AER, it was determined that over a 40-day non-contiguous period, between June 27 and August 22, 2023, Terroco contravened section 8.150(3)(c) of the Oil and Gas Conservation Rules. The investigation also determined four contraventions of section 8.030(2) of the Oil and Gas Conservation Rules.    
  
The contraventions include accepting waste not approved to receive; using a single-walled aboveground storage tank without secondary containment, leak detection, or a spill control device in use; and not having a foundation designed for an aboveground storage tank for which the AER assessed an administrative penalty of $150 000.   
  
Terroco also generated revenue performing a prohibited act, which is considered an economic benefit while contravening 8.150(3)(c) of the Oil and Gas Conservation Rules, for which the AER assessed an administrative penalty of $298 980.49.   
  
An administrative penalty is one of many compliance and enforcement tools the AER can use when companies do not comply with the regulatory requirements.    
  
For more information on the AER’s investigation enforcement processes, please see the Investigations webpage on aer.ca.  
  
About the Alberta Energy Regulator   
The AER provides for the safe, efficient, orderly, and environmentally responsible development of energy and mineral resources in Alberta through our regulatory activities. For more information visit aer.ca.   
   
Contact    
Email: media@aer.ca | Media line: 1-855-474-6356   
   
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CALGARY, Alberta, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera”, “PEI” or the “Corporation”)

Highlights and subsequent events

According to Towards Chemical and Materials, the global Oil & Gas market size was estimated at USD 6.10 Trillion in 2024 and is expected to surpass around USD 8.79 Trillion by 2034, growing at a compound annual growth rate (CAGR) of 3.72% over the forecast period from 2025 to 2034.

Falcon Oil & Gas Ltd (“Falcon”)

CALGARY, Alberta, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Condor Energies Inc. (“Condor” or the “Company”) (TSX:CDR), a Canadian based, internationally focused energy transition company focused on Central Asia is pleased to announce the release of its unaudited interim condensed consolidated financial statements for the three and six months ended June 30, 2025 (the “Financial Statements”), together with the related management’s discussion and analysis. These documents will be made available under Condor’s profile on SEDAR+ at www.sedarplus.ca and on the Condor website at www.condorenergies.ca. Readers are invited to review the latest corporate presentation available on the Condor website. All financial amounts in this news release are presented in Canadian dollars, unless otherwise stated.

TORONTO, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) reported today its operational and financial results for the three and six months ended June 30, 2025. This press release should be read in conjunction with the Company’s Management Discussion and Analysis (“MD&A”) and interim consolidated financial statements for the six months ended June 30, 2025, which are available on the Company’s website and at www.sedarplus.ca.

HOUSTON, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today announced it has entered into definitive agreements to acquire two entities (Peak Exploration and Production LLC and Peak BLM Lease LLC, together “Peak”) majority owned by funds of Yorktown Energy Partners LLC.