wellsite Tag

May 23, 2017 In News By admin

Varcoe: Landowners stuck with abandoned wells welcome $235-million cleanup plan

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...

November 3, 2016 In News By admin

Tougher Alberta rules convince oil and gas producers to accelerate well cleanups

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...

September 20, 2016 In News By admin

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...

September 20, 2016 In News By admin

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...

September 18, 2016 In News By admin

Alberta Energy Regulator tries to stem tide of orphan wells

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...