MGM Energy Corp. is a Canadian petroleum company that was spun off from Paramount Resources in 2007. The company is involved in the acquisition and development of petroleum in Canada's Northwest Territories. The CEO is Henry Sykes.[1] In October 2013 Sykes complained that the requirement to conduct environmental assessments was impeding Canadian companies, compared with their US competitors, when his firm was seeking permission to engage in hydraulic fracking in the environmentally sensitive Canol shale play region—even though the first fracking well were drilled without any environmental assessment at all.[citation needed]
| Company type | Public |
|---|---|
| TSX: MGX | |
| Industry | Conventional Oil & Natural Gas |
| Headquarters | , |
Key people | Henry W. Sykes (CEO) |
| Parent | Paramount Resources |
| Website | www |
References
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Jeffrey Jones (2013-10-06). "NWT's shale hopes dimmed by slow approvals, explorer says". The Globe and Mail. Archived from the original on 2014-03-12. Retrieved 2014-08-18.
MGM Energy Corp. chief executive officer Henry Sykes said regulatory hurdles are the main reason he believes that production growth in the Northwest Territories' Canol shale play in the Central Mackenzie Valley will not mirror the industry's success in the prolific Bakken oil fields of North Dakota.
External links
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