The Saskatchewan government has issued a Minister’s Order requiring Prospera Energy Inc. to shut down all of its licensed wells and facilities in the province by January 28, 2027.
The order, dated October 30, 2026, establishes a phased shutdown of Prospera’s operations, with the first group of wells and facilities required to cease operations by November 29, 2026, a second group by December 29, 2026, and all remaining operations by January 28, 2027.
The shutdown requirements also apply to associated flowlines and pipelines. The order further requires Prospera to forfeit to the Saskatchewan government proceeds from oil and gas sales generated from affected wells and facilities on or after their respective shutdown dates.
In a November 6 response, Prospera acknowledged outstanding environmental and regulatory compliance issues and outlined plans to address them. The company said all of its active wells remain online and producing.
Prospera said 58 regulatory compliance items remain outstanding, down from 146 in October 2024. The company also identified 13 environmental sites requiring remediation work and has committed to advancing all of them to the monitoring stage by January 22, 2027.
The company reported spending $2.83 million on spill response, site assessments and remediation since October 2024, and asked the Saskatchewan government to establish a performance-based path to rescind the shutdown order.
The first licence suspensions are scheduled to take effect November 29.
Prospera also announced the cancellation of a previously planned $12 million equity financing, citing the Minister’s Order.