Tag: abandonment
Supreme Court of Canada to hear AER appeal of Redwater abandoned wells decision
Since May 2016, 1,600 AER-licensed sites disclaimed by receivers with liabilities over $100 million The Supreme Court of Canada has confirmed it will hear the expedited appeal of the Alberta Energy Regulator (AER) and Orphan Well Association on the Redwater decision, according to an AER press release. “For the past two years, we have worked very hard […]
Is Pengrowth dumping $63 million of well/facility cleanup liability?
“Sale was to one company and we are not disclosing the buyer nor the exact proceeds.” – Pengrowth Pengrowth Energy Corporation announced Wednesday that it has entered into an agreement to sell “matured legacy assets” from 36 properties – including 270 facilities and 1,600 wellbores – for a nominal cash consideration, ridding itself of perhaps […]
Foresight, NAL Resources crowdsourcing ideas to improve reclamation of Alberta oil/gas wells
$610,000 in funding available for 2 to 5 candidates to advance new technology, solutions to improve well reclamation Foresight Cleantech Accelerator Centre and NAL Resources have announced the ARCTIC Innovation Challenge, an effort to find technologies to improve oil and gas wells abandonment and reclamation, according to a press release. “We are seeking solutions to make the abandonment […]
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