MGM kills Arctic gas drilling programArea’s only recent explorer blames Mackenzie line delay; might shoot seismic this winter in central Mackenzie Valley, oil the target Petroleum News
On May 5, MGM Energy said it was, at best, paring down its natural gas exploration program in Canada’s Northwest Territories or, at worst, canceling it altogether. On Sept. 14, the Calgary junior said it had decided to completely terminate its Arctic gas drilling plans, even though it will have to p....
[additional news subjects in this story]
One or two wells vs. $10 million penalty Three wells deferred in May
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