Five months after the Alberta Energy Regulator (AER) began publishing a list of companies owing administrative levies or levies for abandoned wells and sites, the total industry debt has grown by nearly $350,000.
The AER began making the information public in August 2017 in an effort to improve transparency, hold operators more accountable and improve industry performance.
There are now 128 companies on the AER's debtor registry, up from 113 in August. Debt levels of many of the companies have also increased. Take for example Lexin Resources, which by far dominates the list: its current AER debt is $1.68 million, up from $1.61 million in August 2017.
There’s also Canadian Oil & Gas International, which now owes $304,299, compared to $257,258 five months ago.
Total industry debt for these levies is currently $3.79 million, up from 3.44 million in August 2017.
There are now 16 oil and gas companies that owe the AER more than $50,000 in administrative levies or levies for abandoned wells and sites, up from 14 in August. Here’s a look.
Clarification: A previous version of this article indicated that all debt on the debtor registry is related to orphan wells and sites. This is not the case; the list includes companies owing administrative levies.