The Yukon's oil and gas industry is suddenly seeing signs of growth, as more companies are showing interest in energy exploration in the territory.
This month, the territorial government is awarding Calgary-based Northern Cross Energy Ltd. 13 oil and gas exploration permits at sites in northern Yukon.
That's more than double the number of the territory's existing permits, said Deb Wortley of the government's oil and gas management branch.
The permits to Northern Cross are the first the Yukon has handed out since 2002 — and even then, only one permit was awarded that year, Wortley said.
"It's really big," she said. "This is more interest from the oil and gas industry than we've ever had in the Yukon before."
Northern Cross has agreed to spend $20 million drilling for gas and oil in the Eagle Plains area, but Wortley said whether the company will find anything is anyone's guess.
"We'd love to see more exploration and definitely production," she said. "But what's actually going to happen, you'd need a crystal ball."
The government met with the Vuntut Gwitchin First Nation before handing out the permits to Northern Cross, Wortley said, adding that it followed draft recommendations outlined in the proposed north Yukon land use plan.
But while Vuntut Gwitchin Liberal MLA Darius Elias said it's good the government is following the proposed plan's recommendations, he said he wants the government to adopt the plan, which has been 10 years in the making.
"It gives us another level of certainty for the residents of north Yukon and Yukoners in general," Elias said. "It says what can and can't happen on the land, on the landscape."
The government says it plans to make the land use plan available for public comment soon.
In the meantime, interest in oil and gas exploration isn't limited to one company. A number of oil companies have recently expressed interest in a total of 25 sites around the Yukon.
Share Tools
Latest North News Headlines
- Yukoners need to change poverty perceptions, says report
- A new report on poverty in Yukon is calling for action from the territorial government. However, poverty activists are also calling for Yukoners to adjust their attitudes. more »
- N.W.T. budget calls for $74M surplus
- The N.W.T. is forecasting its first surplus in five years in its 2012-2013 budget, Finance Minister Michael Miltenberger announced in the legislative assembly this afternoon. more »
- N.W.T. commissioner's goals for the territory
- The N.W.T.'s budget comes down this afternoon, and even though the finance minister has said it will be a frugal year, there are plenty of projects all over the territory which need money. more »
- Iqaluit man pleads guilty to drug and sex offences
- A sentencing hearing is underway today in Iqaluit for the man who once ran the so-called 'Qikiqtaaluk Compassion Society' where he sold marijuana. more »
Top News Headlines
- Reclaiming the dead on Mt. Everest

- The difficulty, danger and expense of removing the bodies of climbers who died in Mount Everest's "death zone" mean most of the dead remain on the mountain as a stark reminder to other climbers of the risks. more »
- Teens share bullying tales in confession booth
- Raw stories about bullying emerged when a video booth was set up inside a Quebec high school. more »
- Neil Macdonald: How compromise became a dirty word in Washington
- As brinkmanship becomes the norm in this U.S. election year, some policy analysts, and even some long-serving Republicans, are calling out today's GOP for practising 'the new politics of extremism.' more »
- Conservatives move again to have robocalls suits tossed
- The Conservative Party has filed a second motion to dismiss the robocalls lawsuits filed by the left-leaning Council of Canadians, calling council chairperson Maude Barlow a "virulent critic" of Prime Minister Stephen Harper who has "orchestrated" the litigation. more »
- Investigation finds 3 electoral violations in N.W.T. riding
- Whitehorse man appeals drunk driving conviction
- Yukoners need to change poverty perceptions, says report
- N.W.T. budget calls for $74M surplus
- Iqaluit man pleads guilty to drug and sex offences
- N.W.T. commissioner's goals for the territory
- Winning lottery ticket sold in Whitehorse
- Memorial service held Saturday for Ice Pilots' Arnie Schreder
- Hockey the only ice sport in 2016 Arctic Winter Games

