Energy: Husky Energy Gearing up to Explore for Oil in the Northwest Territories

Husky Energy Inc. said Tuesday it’s gearing up for a winter exploration program in a relatively new oil play in the Northwest Territories.

Planning is underway for continued evaluation of its Slater River project late this year and early next year, the Calgary-based company said as it released its second-quarter results.

Husky is seeking regulatory approval to build an all-weather access road and other infrastructure in the remote region, as well as further evaluate two vertical wells it drilled last winter.

Also Tuesday, Husky said weaker commodity prices dragged down its second-quarter net earnings.

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