Guess I'm JVing with them too.... (keep that a secret though, I don't want Husky to know)
9.5 million litres of toxic waste spills in Northern Alberta
- Thread starter Tonington
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Guess I'm JVing with them too.... (keep that a secret though, I don't want Husky to know)
Feel free to prove me wrong with more than EnCana's publicity article that states what the Dene owned.
There are bound to be supporting documents about how much of EnCana the Dene own
According to this article, EnCana's role in the partnership was a guarantee of 'first up, last down' for the Dene owned rigs.... not shares, not control of EnCana in any way shape or form, simply guaranteed contract to be the first to start work, and the last to end it
That still makes them a drilling company, not an oil company.
Bahaha!! You said they're an oil company.
bump, bump, double f'ing bump
That still makes them a drilling company, not an oil company.
Bahaha!! You said they're an oil company.
bump, bump, double f'ing bump
Because in two articles, they use the word 'contracted' as often as they use the word partnered, and when spelling it out, they explain '50/50 ownership of two drilling rigs, contracted to EnCana'. Simple.
On that note sweetums, I'm done beating my head against a brick wall trying to explain it to you.
On that note sweetums, I'm done beating my head against a brick wall trying to explain it to you.
That's illogical, if you partner with an oil company, it doesn't make you an oil company. If my corporation partners with a researcher at a university for discovery work on a new vaccine, that doesn't make the university a pharmaceutical company. It doesn't make the researcher an employee of a pharmaceutical company. Oil companies sell a commodity. Drilling companies sell a service. Big f'ing difference.
The devil is in the details, ain't it?
Ask yourself these questions; who has surface rights to the land? To the minerals? Is payment 100% cash or partial royalty/well?
If EnCana is getting access to Dene land and IF a part of the payment structure is based on a GORR or 'in kind', then that would definitely make the Dene drilling entity an oil company.
It still wouldn't, any moreso than every farmer with an oil or gas well on their land is an oil company.
Oil companies are entities that sell oil. It's a pretty specific thing.