Tag: AER
AER creates public registry spotlighting companies owing money
AER says Debtor Registry will drive industry to improve their performance The Alberta Energy Regulator(AER) recently announced they have created a Debtor Registry for Alberta companies owing them money, according to a press release. A debtor is any person, AER-regulated company indebted to the AER for any costs, levy, fee, penalty, or other amount. It […]
Alberta Energy Regulator vice-presidents stepping down
Hill retiring after 37 years with the regulator The Alberta Energy Regulator has announced that two executive vice-presidents are stepping down, and that Carol Crowfoot and Mark Taylor are replacing them, according to a press release. Crowfoot is the new executive vice president of Strategy and Regulatory, replacing Cal Hill; Taylor is the new executive vice president […]
Alberta Energy Regulator appealing orphan well decision to Supreme Court
Decision may lead to more wells, facilities, and pipelines being sent to Orphan Well Association The Alberta Energy Regulator (AER) will be seeking leave to appeal to the Supreme Court of Canada a recent Alberta Court of Appeal decision, according to a press release. In the 2-1 Alberta Court of Appeal decision, the majority dismissed […]
Paramount Resources pipeline needs replacing after ‘mischief’
Paramount Resources pipeline under construction CALGARY, Alberta, Jan 16 (Reuters) – A section of an intra-provincial oilfield pipeline under construction in Canada’s oil heartland of Alberta needs replacement after being damaged by an act of “mischief,” authorities said on Monday. The incident happened in Hythe, about 500 km (310 miles) northwest of the provincial capital […]
Penn West CEO criticizes Alberta’s stricter energy asset sale rules
Penn West has been selling assets to shore up balance sheet By Nia Williams CALGARY, Alberta, June 23 (Reuters) – New rules from Alberta’s energy regulator determining which companies are deemed strong enough to buy assets are off the mark in terms of fairness and transparency, Penn West Petroleum Ltd’s chief executive said on Thursday. […]
Alberta Energy Regulator toughens financial test for oil, gas asset buys
Alberta Energy Regulator increases assets requirements for well buyers By Nia Williams CALGARY, Alberta, June 21 (Reuters) – The Alberta Energy Regulator has toughened rules determining if companies are financially strong enough to buy oil and gas assets, a move some energy industry players warned on Tuesday could hamper mergers and acquisition in the province. […]
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