Everest Canadian Resources Corporation, which operates a Steam-Assisted Gravity Drainage (SAGD) facility north of Fort McMurray, was handed the order to immediately stop operations at all of its licensed assets, by the Alberta Energy Regulator (AER).

The company has 33 well licenses, three facility licenses and 14 pipeline licenses in the region.

A report published by the AER states the company failed to hold to its compliance plan after it was found to be non-compliant on 93 items over a four-month period in 2022.