Bankrupt energy companies can’t abandon old wells, Supreme Court rules [UPDATED]
Since the case went to court, an estimated 1,800 wells representing more than $100 million in liabilities have been abandoned.
AER turns to Supreme Court on well abandonment ruling
2016 decision ruled assets from bankrupt energy companies should go first to creditors, not to cleaning up abandoned oil wells.
Bust to boom: oilfield firm can’t get enough staff to cover rising activity
Forecast calls for 4,175 wells to be drilled in Canada next year, up about 6% over 2016.
Tougher rules convince oil and gas producers to accelerate well cleanups
AER rules are meant to prevent financially shaky companies from running up reclamation liabilities to unaffordable levels.
No funding for oil well cleanup in budget
Opportunity missed for jobs and to clean up environmental mess: Greg Clark.
Saskatchewan minister defends oil and gas well clean-up
Provincial auditor says up to 700 wells could be orphaned in the prairie province.