City’s natural gas and petroleum resources still bleeding
MEDICINE HAT, AB — City Council approved the natural gas and petroleum resources (NGPR) operating and capital asset budget for 2019 to 2022 during their meeting Monday.
However, the business is still in the red, and although they have a plan, the current state of oil and gas is causing more struggles.
Combined with an expired contract, the deficit for 2018 is predicted to be $33 million dollars in 2019.