The Canadian Press Alberta's energy regulator has asked the Supreme Court of Canada to review a ruling that could allow energy companies to walk away from cleaning up abandoned oil wells and affect industrial sites across the country. Read More...
Alberta plans loans to speed well reclamation Western Producer June 1, 2017 Legislation designed to speed up the management of orphaned wells and could create up to 1,650 jobs. A loan to Alberta’s Orphan Well Association is being proposed by the Alberta government to assist in reclaiming about 152,000...
Calgary Herald By Chris Varcoe May 19, 2017 Scott Irvine has three orphan wells on his farmland near Carstairs. Drilled in 1980 to tap into sweet oil found in the Garrington field, one well has had almost 10 owners over the decades. It was abandoned several years ago after petroleum...
Government of Alberta May 18, 2017 Albertans will have a cleaner, safer environment and more jobs in the process thanks to a funding boost to address orphaned wells. The Alberta government has introduced legislation that would allow it to lend the Orphan Well Association (OWA) $235 million to...
Abandoned and unused wells are scattered across the province, but companies are now expected to do more The Canadian Press Farmer Tony Nichols says he has mixed feelings about news that oil and gas companies in Alberta are accelerating voluntary reclamation of old well sites and pipelines. The...
The Alberta Energy Regulator (AER) and other officials – including the Orphan Well Association – were shocked this spring when the Alberta Court of Queen’s Bench ruled that receivers and trustees can selectively disclaim unprofitable assets under a section of the federal Bankruptcy and Insolvency...
It's no secret that Alberta's junior energy sector is struggling. Falling energy prices and tighter rules around the viability of oil and gas wells have meant many companies are abandoning their operations and turning their wells over to the province to be reclaimed. In the past...
It just got harder to buy oil and gas assets in Alberta By Tracy Johnson, CBC News Posted: Jun 21, 2016 5:48 PM MT Last Updated: Jun 26, 2016 11:23 AM MT With little fanfare, the Alberta Energy Regulator has tightened up the rules for buying oil and...