Loans won't solve the custody battle over Alberta's orphan wells, landowner says - 2020-03-03

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F182.png Loans won't solve the custody battle over Alberta's orphan wells, landowner says March 3, 2020, Wallis Snowdon, CBC News

In addition to the 3,406 orphan wells there are another 94,000 inactive wells around the province. Some may once again produce oil and gas if commodity prices improve, though most will sit idle until they're eventually cleaned up.

The province's own estimate of the eventual cleanup bill for every well in Alberta is $30 billion.

"We have been seeing an increase in the number of the sites that we deal with," DePauw said. "It's kind of hard to forecast because it's a long process even after a company goes insolvent. But until commodity prices increase, we do think that this trend will continue."

Wikipedia cite:
{{cite news | first = Wallis | last = Snowdon | title = Loans won't solve the custody battle over Alberta's orphan wells, landowner says | url = https://www.cbc.ca/news/canada/edmonton/orphan-wells-alberta-loan-1.5483989 | work = CBC News | date = March 3, 2020 | accessdate = March 4, 2020 }}