Cost Claims – Working Interest Participants
The AER released a new form for submitting cost claims for defaulting working interest participants.
Once abandonment or reclamation activities are completed, an active company may submit a claim to the AER for costs incurred on behalf of another working interest participant. The AER would then determine if the claim was eligible under section 70(2)(b) of the Oil and Gas Conservation Act and, if so, sends the claim to the Orphan Well Association.
The entire process for working interest claims has been set out by the Orphan Well Association on their website. At the date of publication, the updated form was available on the AER’s website.