TWM charged by AER for produced water spillReminder of the risks of operating vintage facilities. Ram was purchased for peanuts in 2017, but likely carries high retirement obligations (see: PEA's purchase (if it ever happened?) of Shell facilities in the area) and elevated operational risk. I'm holding the TWM I have left (127.2k shares to be precise) to see what the heck happens with this strange compendium of assets, but for now feel happy to have moved on to a mixture of Canadian E&Ps and infrastructure/royalty companies (big holdings now are SDE, TOU, KEY, FRU PIPE).
https://www.chroniclejournal.com/business/national_business/regulator-lays-charges-against-tidewater-midstream-for-acidic-water-release/article_4925c069-16ab-536b-bedd-401b312e361e.html
CALGARY - The Alberta Energy Regulator has laid charges against Tidewater Midstream and Infrastructure Ltd. for a release of acidic water in west-central Alberta.
The regulator says the release occurred in Oct. 2019 at Tidewater's Ram River sour gas processing plant near Rocky Mountain House.
It says the acidic water flowed into a nearby creek.
Calgary-based Tidewater has been charged with 10 violations under the Environmental Protection and Enhancement Act, including releasing a substance to the environment that caused or may have caused an adverse effect.