MGM Energy Corp. is a Canadian

petroleum Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crud ...

company that was spun off from

Paramount Resources Paramount Resources Ltd. is a Canadian petroleum company, founded in 1976. The company is involved in the exploration, development, production, processing, transportation and marketing of natural gas Natural gas (also called fossil gas or sim ...

in 2007. The company is involved in the acquisition and development of petroleum in Canada's Northwest Territories. The CEO is Henry Sykes. 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 The Canol shale play is the name for a region of Canada's Northwest Territories that is being investigated as a potential source of tight oil (also referred to as shale oil). The region centers around the known reserves of conventionally exploitable ...

region—even though the first fracking well were drilled without any environmental assessment at all.

References

External links

* Oil companies of Canada Companies based in Calgary {{canada-company-stub