The Alberta Energy Regulator (AER) is on track to roll out and implement new policy and regulations aimed at reducing the glut of inactive wells later this year, including mandatory annual site closure spending targets.
June 1, 2021, 12 AM MDT
The Saskatchewan government says the Accelerated Site Closure Program (ASCP) has seen “strong uptake and success” during its first year.
May 28, 2021, 6:36 AM MDT
To address the issue of long-term inactive and un-reclaimed wells, the province should strengthen the governance of surface rights and well liabilities, suggests a new School of Public Policy report.
May 21, 2021, 10:11 AM MDT
Spartan Delta Corp.’s capital expenditures for the remainder of 2021 will be focused on drill-ready development utilizing existing infrastructure across the company's core properties targeting the Montney, Spirit River, and Cardium formations.
May 11, 2021, 7:57 AM MDT
Journey Energy Inc. has decided to take a conservative approach to capital spending for 2021, with a focus on repaying a significant portion of the October 2020 AIMCo borrowings during the year.
May 11, 2021, 8:18 AM MDT
The West Moberly Corporate Alliance (WMCA) is working with Harvest Operations Corp. to reclaim dormant oil and gas well sites on West Moberly First Nations Territory.
May 6, 2021, 1:20 PM MDT
The Alberta government continues to work on a number of priorities highlighted in a newly-released joint report by Energy Futures Lab (EFL) and Canada West Foundation (CWF), says the province’s energy minister, including the development of a geothermal policy framework, modernization of the oil and gas liability management framework, and an updating and modernizing of the mineral tenure and regulatory frameworks.
April 28, 2021, 10:28 AM MDT
Alberta can prioritize repurposing of inactive oil and gas sites for new energy developments, according to a new Energy Futures Lab (EFL) and Canada West Foundation (CWF) joint report, but the provincial government must first clear roadblocks and facilitate the necessary investments and entrepreneurship in a timely and effective manner.
April 27, 2021, 12 AM MDT
The 2021/22 Saskatchewan budget includes $200 million for the Accelerated Site Closure Program (ASCP).
April 6, 2021, 5:10 PM MDT
The BC Oil and Gas Commission (OGC) has decommissioned over half of British Columbia’s 770 orphan well sites.
February 16, 2021, 10:55 AM MST
The Orphan Well Association (OWA) continued to pick up its pace in the 2019-2020 fiscal year, decommissioning a record number of orphan wells and completing more reclamation projects than ever before.
January 13, 2021, 4:50 AM MST
Numerous Canadian E&P and oilfield services companies have applied for and received abandonment and reclamation funding under the Alberta Site Rehabilitation Program (SRP), funds that have been — or will be — used in the field.
December 1, 2020, 10:47 AM MST
CWC Energy Services Corp. received 300 application approvals under the Alberta Site Rehabilitation Program (SRP) in Q3 2020, worth roughly $4.8 million in future work, with a further $14.5 million under review or awaiting the opening of future government application rounds.
November 9, 2020, 9:47 AM MST
Surge Energy Inc. and its service providers submitted more than 1,700 applications under the Government of Alberta's Site Rehabilitation Program (SRP) to abandon and reclaim well bores, pipelines and well sites.
November 4, 2020, 12 AM MST
Bonterra Energy Corp. has received a reserve-based lending commitment from Export Development Canada (EDC) of up to $38.4 million.
October 5, 2020, 5:21 AM MDT
British Columbia has allocated the first $50 million under its Dormant Sites Reclamation Program, supporting upwards of 1,200 local jobs at 79 oilfield service companies within the province, and reclaiming 1,880 wells
September 21, 2020, 12 AM MDT
The Alberta energy department says that as of Sept. 4, 2020, it had approved $198 million in funding that is being allocated to 306 Alberta-based companies under its $1-billion, federally funded Site Rehabilitation Program (SRP).
September 9, 2020, 8:29 AM MDT
While Alberta’s inactive oil and gas wells present a financial and environmental liability, they also offer an opportunity to be repurposed for cleantech innovation despite significant regulatory barriers and challenges, an Energy Futures Lab webinar heard Tuesday.
September 2, 2020, 12 AM MDT
Tervita Corporation’s industrial service line results for Q2 2020 benefitted from the federal government’s $1.7 billion orphan and inactive well abandonment and site rehabilitation program. The company is a prime contractor with Alberta’s Orphan Well Association (OWA) and British Columbia’s Oil and Gas Commission (OGC).
July 30, 2020, 9:21 AM MDT
British Columbia is carrying out “its most ambitious plan to date” when it comes to orphan well management, as the province aims to abandon approximately 100 wells with support from northeastern B.C. service providers.
July 23, 2020, 7:05 AM MDT
The Alberta government is taking measures to strengthen the ability of Indigenous groups to participate in the federally-funded $1 billion Site Rehabilitation Program (SRP), Premier Jason Kenney said Tuesday.
July 16, 2020, 12 AM MDT
The Alberta government will reassess applications from oilfield service companies whose applications in the first two periods of the Site Rehabilitation Program (SRP) were declined because of administrative errors, says Energy Minister Sonya Savage.
July 16, 2020, 5:07 AM MDT
The federal government’s $1.7 billion program to clean up orphan and inactive wells in Alberta, Saskatchewan and B.C. remains a reason for optimism within the oilfield services space, heard this week’s TD Securities Inc. Virtual Energy Conference, although the money is taking some time to reach the companies that need it.
July 8, 2020, 10:43 AM MDT
A new program to restore dormant and inactive wells, and bring support to B.C. workers in oil and gas service companies, has seen “significant interest” from applicants, the government said this morning.
May 26, 2020, 10:34 AM MDT
CES Energy Solutions Corp. was exploring the possibility of expanding its oilfield services business beyond the North American market before the most recent oil price collapse put those plans on hold.
May 19, 2020, 9 AM MDT