Sentences with phrase «oil deposit underlying»

The Bakken is a shale oil deposit underlying parts of North Dakota and Montana in the United States, and Saskatchewan and Manitoba in Canada.

Not exact matches

• By attempting to extract security deposits or the performance of abandonment obligations on a transfer of AER licenses, the AER was in effect transferring the proprietary value in the bankrupt estate from the underlying real property assets of Redwater (which were interests in its oil and gas properties) to the AER licenses, contrary to the scheme of distribution contemplated under the Bankruptcy and Insolvency Act.