Alberta's Inactive Oil Wells Management
This is a Alberta news story, published by calgaryherald, that relates primarily to Alberta Energy Regulator news.
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current Alberta Energy Regulator board membercalgaryherald
•Business
Business & Economics
Alberta oil well report updated after concerns over taxpayer backstop recommendation
70% Informative
Alberta should manage a new insurance fund to cover liabilities related to closed wells, report says.
The new report now calls for that insurance program to instead be “managed” by the province.
Alberta Energy Regulator says there are nearly 500,000 licensed oil and gas wells across the province, but only about 50,000 are active.
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73
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5