GFM Network News

Online resource on inactive oil wells updated

Online resource on inactive oil wells updated

Reading Time: < 1 minute The number of inactive and orphaned wells in the province is growing, says the Pembina Institute. In response, the non-profit think-tank focused on energy has updated its Liabilities Resources for Landowners on its website. The web page has “detailed and timely information on funding, regulations and policy, legal cases, and involved organizations,” said the organization, […] Read more

If you have an inactive gas or oil site on your land, now’s your chance to have it cleaned up.

Landowners can ‘nominate’ oil and gas sites for cleanup

Website allows owners to put a site on their property onto a list for potential cleanup

Reading Time: < 1 minute The province is now accepting “nominations” from landowners who have inactive oil and gas sites on their properties. The nomination program is the latest phase of the $1-billion Site Rehabilitation Program announced in spring. The program provides grants to oilfield service contractors to perform well, pipeline, and oil and gas site reclamation work. To nominate […] Read more

The amount of unpaid taxes owed by oil and gas companies more than doubled last year and now stands at $173 million, says the president of the Rural Municipalities of Alberta.

Will you be on the hook for abandoned gas and oil wells?

Rural property owners will be ‘significantly’ impacted by $173 million in unpaid taxes, say municipalities

Reading Time: 3 minutes Rural Albertans could be on the hook for a growing number of orphaned and abandoned wells and tens of millions in back taxes owed by struggling oil and gas companies. “This is not the first year we’ve had companies choosing not to pay their taxes, and it is escalating,” said Al Kemmere, president of the […] Read more

Court ruling alone won’t fix ‘orphan’ well crisis

Court ruling alone won’t fix ‘orphan’ well crisis

There are now more than 3,000 abandoned wells in Alberta, and many more that are no longer active

Reading Time: 3 minutes A Supreme Court ruling that puts cleanup ahead of creditors is a step forward — but won’t “make too much difference” to landowners with abandoned wells, says a director with the Alberta Surface Rights Federation. “The landowners are still going to be in a situation where they have to deal with contaminated land for maybe […] Read more

File photo of an oil pumpjack near Drumheller, Alta. (LaughingMango/E+/Getty Images)

Bankrupt oil firms must clean up inactive wells, Supreme Court rules

Ottawa/Winnipeg | Reuters — Canada’s Supreme Court ruled on Thursday that bankrupt oil companies must clean up inactive wells, overturning lower court decisions that prioritized paying creditors and potentially raising the risks of investment in the industry. The 5-2 ruling means that the Alberta Energy Regulator (AER), which had appealed the earlier court decisions, can […] Read more

oil derrick in a wheat field

Be on guard for land agents with ‘questionable ethics’

Carol Goodfellow says a bonus for signing quickly and not being offered complete information are warning signs

Reading Time: 3 minutes Farmers, ranchers, land agents, and energy companies need to have a basic understanding of ethics as they relate to energy negotiations, says an official with the Farmers’ Advocate Office (FAO). “One of the roles of the FAO is to assist farmers and ranchers to understand the laws that guide the energy industry and their rights […] Read more