Alberta cancels leases near Fort McMurray

To make room for urban development stimulated by oil sands development, the government of Alberta is cancelling 32 oil sands leases held by 10 companies around crowded Fort McMurray.

“The city, surrounded by crown land, needs a larger urban land base to accommodate new residential, commercial, and light industrial growth,” explains a backgrounder issued by Alberta Energy.

The province has allocated more than 55,000 acres in an area known as the Urban Development Subregion (UDS) for sale to the Regional Municipality of Wood Buffalo, allowing Fort McMurray to grow to the east, south, and west.

The UDS covers more than twice the current area of the city. The government expects it to meet growth needs for more than 25 years.

Holders of the canceled leases will be compensated, Alberta Energy said.

Companies holding the affected leases are Value Creation Inc., Alberta Oil Sands Inc., Cenovus Energy Inc., Cavalier Land Ltd., E-T Energy Ltd., Grizzly Oil Sands ULC, Koch Oil Sands Operating ULC, Laricina Energy Ltd., Scott Land & Lease Ltd., and Suncor Energy Inc.

Related Articles

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/24/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

Statoil makes gas find on flank of Visund field in North Sea

03/24/2014 Statoil Petroleum AS has made a natural gas discovery on the northeast flank of Visund field in the northern part of the North Sea, the Norwegian P...

CNOOC makes natural gas discovery in Bohai Bay

03/24/2014 CNOOC Ltd. has made what it describes as a “mid-sized” natural gas discovery in the Bozhong 22-1 structure in the south-central region of Bohai Bay.

Tethys reports second successful gas well in Kazakhstan

03/20/2014 Tethys Petroleum Ltd. reported the success of the second shallow gas exploration well of its 2014 program on the Akkulka block in the Caspian regio...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected