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Saskatchewan Makes it Easier to Adopt Orphan Wells

Two recent insolvencies have resulted in the number of orphaned wells and facilities in Saskatchewan ballooning to over 4000. To reduce the burden on the Saskatchewan orphan fund, the Oil and Gas Tenure Registry Regulations have recently been amended to authorize the Administrator of Oil and Gas Tenure in the Lands and Mineral Tenure Branch of the Ministry the Administrator to assign or convey a lease that is currently held by a holder that is insolvent, bankrupt, defunct or cannot be located.

Saskatchewan
Manitoba
Canada
Martin-ignasiak
Keely-cameron
David-wainer
Bennett-jones
Saskatchewan-ministry-of-energy
Administrator-of-oil
Written-by-keely-cameron
Gas-tenure-registry-regulations
Gas-tenure

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