remediation Tag

Alberta plans loans to speed well reclamation

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...

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New Court Ruling

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...

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Alberta sees huge spike in abandoned oil and gas wells

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...

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