Defunct Companies are licensees that are deemed defaulting working interest participants by the AER pursuant to Section 70(2)(b)(iii) of the Oil and Gas Conservation Act. Defunct Companies can be companies that have ceased to exist (struck from Alberta corporate registries) or companies that are determined to be insolvent by the AER.
Below is a list of expenditures listed by Defunct Company on orphan properties, i.e. wells, pipelines, facilities and sites that have been designated as orphans by the AER. Included in the total expenditures are expenditures for working interest claims.
These expenditures represent the debt owed by the Defunct Company (debtor) to the Orphan Fund.
Total Expenditures by Defunct Company
Working Interest Claim Expenditures by Defunct Company
The AER has created a debtor registry to provide more transparency about energy development activities, hold regulated companies more accountable for their actions, and drive industry to improve their performance.
If you have any information that may assist the AER in collecting these debts, contact firstname.lastname@example.org.
As per the AER Compliance and Enforcement Program, the AER may initiate proceedings to make a declaration naming accountable individuals, in accordance with Section 106 of the Oil and Gas Conservation Act or OGCA. Once named, such individuals may be prevented from conducting business with the AER on behalf of any licensee in the capacity of an officer or decision-maker.
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