Inventory Reduction Program News Today

He figure exceeds the $314 million (CAD 422 million) expenditure requirement of the Alberta Energy Regulator.

Calgary, Alberta, Aug. 28, 2023 (GLOBE NEWSWIRE) -- The AER today announced the industry-wide closure spend requirement for 2024 will remain at $700...

CALGARY, AB, April 27, 2023 (GLOBE NEWSWIRE) -- Preliminary results indicate that the energy industry spent about 40 per cent more in 2022 than required...

Alberta Energy Regulator added nomination component to program designed to reduce old well inventory

Use regulations not royalty incentives to clean up old wells, says Polluter Pay Federation

EASTLEIGH, ENGLAND / ACCESSWIRE / September 12, 2022 / i3 Energy plc (AIM:I3E) (TSX:ITE), an independent oil and gas company with assets and operations in the UK and Canada, is pleased to announce the

Press release content from Accesswire. The AP news staff was not involved in its creation.

Investegate announcements from i3 Energy PLC, Q2 2022 Operational and Financial Update

Redwater").   Redwater is now a sentinel decision for the energy industry in Alberta, confirming the importance of environmental, reclamation and remediation obligations and liabilities. In  Redwater, the SCC determined that a trustee in bankruptcy is not permitted to renounce uneconomical oil and gas assets and leave these assets to be remediated by the Orphan Well Association (" OWA") to avoid the environmental liabilities of the estate it is administering. Following the  Redwater decis...