Quote:
Originally Posted by Wormius
From the AERs site, it looks like a yearly fee that goes towards future reclamation costs, and not a prohibitive upfront cost before any drilling can start.
That's also 3100 sites that have just been left in their current state operation, not even formally abandoned let alone any remediation work done.
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A good chunk are Lexin wells; which a settlement just occurred between all parties. Now they can sell off assets as before there was certain facilities not included that limited the marketing. A good chunk of the wells have already been purchased (High River assets) or at least the deal is done according to receiver report.