Oil and Gas – Orphan Wells
In accordance with Part 11 of the Oil and Gas Conservation Act, the AER prescribed an orphan fund levy of $72 million to fund the operating budget of the Orphan Well Association (“OWA”) for 2022/23. The orphan fund levy will be allocated among licensees and approval holders included within the Licensee Liability Rating (“LLR”) and Oilfield Waste Liability (“OWL”) programs based on the April 2022 liability management rating assessment.
Each licensee or approval holder’s portion of the orphan fund levy is based on its licensed and approved properties as of April 2, 2022, according to AER records.
