​Orphan Well Association budget bumped to $45 million

Image: AER

The Alberta Energy Regulator (AER) says it will collect $45 million to fund the province’s Orphan Well Association (OWA) budget for 2018/19.

This is up 50 percent from the 2017/18 budget of $30 million, announced in February 2017.

“Albertans should never have to pay for wells, facilities, or pipelines to be properly decommissioned and the land returned to an equivalent state. To facilitate this decommissioning, we issued the 2018/19 Orphan Fund Levy today,” the AER stated on Twitter on Monday afternoon.

The AER will allocate the year’s orphan fund levy among licensees and approval holders included within the Licensee Liability Rating and Oilfield Waste Liability programs based on the April 2018 monthly assessment.

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.