Growing regulatory concerns ranging from orphan well liabilities to ESG considerations is making it even more critical to understand the potential obstacles to oil and gas deals.
Successful navigation of regulatory issues has proven to add significant value to a transaction.
Three former employees with the Alberta Energy Regulator – Alanda Allum, Rob Cruickshank and Mark Taylor – will share essential insights, tips and tactics to guide an energy deal through Canada’s oil and gas regulatory process during a new e-learning course on June 24.
Navigating the energy regulator when conducting acquisitions and divestitures is ideal for A&D professionals within oil and gas companies and in related sectors, such as banking, investment and land management in Canada.
Taylor said lessons gleamed from the course can help with any future dealings with the regulators across Canada. Participants will have the opportunity to have one-on-one conversations with the panel.
“It’s easy to waste days, weeks and months on things that didn’t matter,” said Taylor. “This course is going to give you proven tips from people who have worked the system from both sides that will reduce the cost of your transaction.”
Participants will assess how regulatory needs, ESG and policy awareness are integral when considering deals in upstream exploration, production or midstream markets. Developing and implementing a post-transaction liability management plan will also be covered.
Cruickshank said the course will give you a start to finish checklist from discussions with landowners, to pre-application meetings, to a pre-application alignment of the work that you’re doing, all the way through to carbon tax considerations and potential liabilities or hearings.
“You're going to obtain a comprehensive list of factors that you need to consider. You can pick our brains and you can ask the questions, and we will also provide you with considerations that you may not have thought of. And I think that will be a vital aspect of the course.”