One month after the May 19, 2016 Alberta Court of Queen’s Bench’s decision in Redwater Energy Corporation (Re), 2016 ABQB 278 (“Redwater”), the Alberta Energy Regulator (“AER”) has released Bulletin 2016-16 (the “Bulletin”). The AER (and Orphan Well Association) have appealed the Redwater decision to the Alberta Court of Appeal, where it is pending. Effective June 20, 2016, substantive changes were made to the transfer requirements for licensees, and licensee eligibility. The changes were designed to “minimize risks to Albertans” arising from the impacts of Redwater, while the AER and the Government of Alberta work to develop “appropriate regulatory measures” to more permanently address Redwater. In the meantime, the implications are far reaching for an industry still digesting Redwater. Read more.
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