Canadian Oil Driller Abruptly Shuts Down, Abandons 4,700 Wells

By Irina Slav - May 02, 2019, 11:00 AM CDT

A junior Canadian gas E&P company has shut down abruptly, leaving as many as 4,700 wells behind, CBC reports, quoting the Alberta Energy Regulator, which said it had sent Trident Exploration Corp. an order to manage its wells, to which the company did not respond.

Trident closed two days ago and announced it would not be returning any money to shareholders or holders of unsecured bonds, adding it had well abandonment and reclamation liabilities of US$244.78 million (C$329 million) to deal with.

According to the Alberta Energy Regulator, these 4,700 wells add to more than 3,000 abandoned wells in Canada’s oil heartland that are currently awaiting remediation. The regulator also said it had been working with the company to smooth its exit from the industry and had ordered it to decommission the wells or transfer them to another company. Trident failed to comply with the order, the AER said.

"Trident does not have the funds to operate its infrastructure or enter into creditor protection. As a result, they have decided to walk away, leaving more than 4,400 licensed sites, many of them active, without an operator," the watchdog told CBC.

Data from the Alberta Energy Regulator says there are some 170,000 abandoned wells in the province, most of these sealed and taken out of service or reclaimed. The number represents more than a third of the total well count in Alberta, with the watchdog noting in its overview on the topic that even their abandonment, the wells remain the responsibility of the company that owns them.

Two years ago, think tank C. D. Howe warned Alberta was facing a well cleanup and reclamation bill of US$5.95 billion (C$8 billion) and needed to change the way it made companies take financial charge of the abandonment and reclamation of their wells. Since then, this figure has grown.

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Recall this:

Bill Text: LA SB377 | 2018 | Regular Session | Engrossed


Bill Title: Establishes procedures for review of future utility of well sites that have been inactive for more than ten years. (8/1/18) (RE INCREASE SD EX See Note)

Spectrum: Partisan Bill (Republican 1-0)

Status: (Engrossed - Dead) 2018-04-11 - Read by title, under the rules, referred to the Committee on Natural Resources and Environment. [SB377 Detail]

Looks like some sort of mandatory insurance regulation will come to the table.

Looks like Hilcorp transferring or offloading leases (debts) to alternates who then take them into bankruptcy. 
http://hdlegisuite.brgov.com/attachments/2017/Falcon%20V%20LLC%20-%...

Considering Hilcorp"s track record, no amount of insurance is enough. They have the longest list of enforcement actions that I have seen in eleven years of digging through the database.

Organization Red Flags

Effective Date End Date Warning Status Warning Description
08/14/2001 09/10/2001 I ILLEGAL MOVEMENT
08/20/2001 09/14/2001 S FORM R-4 SUSPENDED FOR PRODUCTION AUDIT DISCREPANCIES
04/25/2000 04/26/2000 S FORM R-4 SUSPENDED FOR PRODUCTION AUDIT DISCREPANCIES
06/24/2008 06/27/2008 F FINE-CIVIL PENALTY HAS BEEN ISSUED
07/27/2004 07/27/2004 F FINE-CIVIL PENALTY HAS BEEN ISSUED
09/22/2005 10/05/2005 F FINE-CIVIL PENALTY HAS BEEN ISSUED
12/08/2005 12/15/2005 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/15/2003 05/14/2003 I ILLEGAL MOVEMENT
02/06/2007 03/28/2007 I ILLEGAL MOVEMENT
07/26/2004 08/13/2004 F FINE-CIVIL PENALTY HAS BEEN ISSUED
07/27/2004 08/13/2004 F FINE-CIVIL PENALTY HAS BEEN ISSUED
06/07/2002 08/01/2002 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/04/2005 10/05/2005 I ILLEGAL MOVEMENT
07/02/2002 08/01/2002 I ILLEGAL MOVEMENT
07/26/2002 08/01/2002 F FINE-CIVIL PENALTY HAS BEEN ISSUED
02/04/2004 03/10/2004 I ILLEGAL MOVEMENT
02/04/2004 03/10/2004 I ILLEGAL MOVEMENT
03/24/2004 05/03/2004 I ILLEGAL MOVEMENT
04/20/2004 05/03/2004 F FINE-CIVIL PENALTY HAS BEEN ISSUED
05/13/2004 08/13/2004 I ILLEGAL MOVEMENT
04/10/2002 05/07/2002 F FINE-CIVIL PENALTY HAS BEEN ISSUED
06/03/2004 08/13/2004 I ILLEGAL MOVEMENT
11/07/2005 12/15/2005 I ILLEGAL MOVEMENT
11/07/2005 12/13/2005 I ILLEGAL MOVEMENT
02/06/2007 05/03/2007 E I & E COMPLIANCE VIOLATION
02/06/2007 04/16/2007 E I & E COMPLIANCE VIOLATION
02/06/2007 05/03/2007 E I & E COMPLIANCE VIOLATION
02/06/2007 03/28/2007 E I & E COMPLIANCE VIOLATION
07/17/2007 07/26/2007 F FINE-CIVIL PENALTY HAS BEEN ISSUED
07/17/2007 07/26/2007 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/27/2007 05/03/2007 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/27/2007 05/03/2007 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/27/2007 05/03/2007 F FINE-CIVIL PENALTY HAS BEEN ISSUED
11/01/2007 04/30/2008 I ILLEGAL MOVEMENT
11/01/2007 04/30/2008 I ILLEGAL MOVEMENT
11/01/2007 04/30/2008 I ILLEGAL MOVEMENT
11/01/2007 04/30/2008 I ILLEGAL MOVEMENT
11/01/2007 04/30/2008 I ILLEGAL MOVEMENT
11/01/2007 04/25/2008 I ILLEGAL MOVEMENT
11/01/2007 04/25/2008 I ILLEGAL MOVEMENT
11/01/2007 04/30/2008 I ILLEGAL MOVEMENT
03/22/2007 03/28/2007 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/22/2007 03/28/2007 F FINE-CIVIL PENALTY HAS BEEN ISSUED
06/12/2007 07/26/2007 I ILLEGAL MOVEMENT
06/12/2007 07/26/2007 E I & E COMPLIANCE VIOLATION
02/06/2007 04/16/2007 I ILLEGAL MOVEMENT
02/06/2007 04/16/2007 I ILLEGAL MOVEMENT
02/06/2007 05/03/2007 I ILLEGAL MOVEMENT
02/06/2007 04/16/2007 I ILLEGAL MOVEMENT
02/06/2007 04/23/2007 I ILLEGAL MOVEMENT
08/14/2006 08/25/2006 F FINE-CIVIL PENALTY HAS BEEN ISSUED
07/25/2006 08/25/2006 I ILLEGAL MOVEMENT
08/14/2006 08/25/2006 F FINE-CIVIL PENALTY HAS BEEN ISSUED
07/25/2006 08/25/2006 E I & E COMPLIANCE VIOLATION
11/01/2007 04/30/2008 I ILLEGAL MOVEMENT
03/30/2007 04/16/2007 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/30/2007 04/16/2007 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/30/2007 04/16/2007 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/30/2007 04/16/2007 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/30/2007 04/16/2007 F FINE-CIVIL PENALTY HAS BEEN ISSUED
02/25/2009 10/22/2009 I ILLEGAL MOVEMENT
02/25/2009 10/22/2009 I ILLEGAL MOVEMENT
04/21/2008 04/30/2008 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/21/2008 04/30/2008 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/21/2008 04/30/2008 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/21/2008 04/30/2008 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/21/2008 04/30/2008 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/21/2008 04/30/2008 F FINE-CIVIL PENALTY HAS BEEN ISSUED
11/01/2007 04/30/2008 I ILLEGAL MOVEMENT
04/21/2008 04/30/2008 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/15/2008 04/25/2008 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/15/2008 04/25/2008 F FINE-CIVIL PENALTY HAS BEEN ISSUED
11/20/2009 12/22/2009 I ILLEGAL MOVEMENT
12/14/2009 12/29/2009 F FINE-CIVIL PENALTY HAS BEEN ISSUED
12/14/2009 12/29/2009 F FINE-CIVIL PENALTY HAS BEEN ISSUED
05/05/2016 05/06/2016 I ILLEGAL MOVEMENT
02/15/2012 04/13/2012 I ILLEGAL MOVEMENT
02/15/2012 04/13/2012 I ILLEGAL MOVEMENT
02/15/2012 04/13/2012 I ILLEGAL MOVEMENT
02/15/2012 04/13/2012 I ILLEGAL MOVEMENT
02/15/2012 04/13/2012 I ILLEGAL MOVEMENT
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02/15/2012 04/13/2012 I ILLEGAL MOVEMENT
02/15/2012 04/13/2012 I ILLEGAL MOVEMENT
02/15/2012 04/13/2012 I ILLEGAL MOVEMENT
10/21/2010 10/22/2010 F FINE-CIVIL PENALTY HAS BEEN ISSUED
05/16/2011 05/17/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
05/16/2011 05/17/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
05/16/2011 05/17/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
05/16/2011 05/17/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
05/16/2011 05/17/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
09/14/2011 09/28/2011 I ILLEGAL MOVEMENT
03/23/2011 03/29/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
02/15/2012 04/13/2012 I ILLEGAL MOVEMENT
04/28/2008 05/08/2008 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/21/2008 04/30/2008 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/22/2013 04/05/2013 I ILLEGAL MOVEMENT
08/25/2016 08/26/2016 I ILLEGAL MOVEMENT
04/07/2010 04/27/2010 F FINE-CIVIL PENALTY HAS BEEN ISSUED
01/19/2016 01/19/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/21/2016 03/21/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/10/2011 08/29/2011 I ILLEGAL MOVEMENT
07/23/2014 07/25/2014 I ILLEGAL MOVEMENT
03/30/2015 03/30/2015 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/30/2015 03/30/2015 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/30/2015 03/30/2015 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/10/2016 03/21/2016 I ILLEGAL MOVEMENT
05/05/2016 05/05/2016 I ILLEGAL MOVEMENT
04/27/2016 04/27/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/15/2011 04/21/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/13/2016 04/13/2016 I ILLEGAL MOVEMENT
10/13/2016 10/14/2016 I ILLEGAL MOVEMENT
10/13/2016 10/14/2016 I ILLEGAL MOVEMENT
02/15/2012 04/13/2012 I ILLEGAL MOVEMENT
02/15/2012 04/13/2012 I ILLEGAL MOVEMENT
04/07/2016 04/07/2016 I ILLEGAL MOVEMENT
04/07/2016 04/07/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/07/2016 04/07/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
06/16/2016 06/16/2016 I ILLEGAL MOVEMENT
02/17/2012 03/15/2012 I ILLEGAL MOVEMENT
06/16/2016 06/16/2016 I ILLEGAL MOVEMENT
06/16/2016 06/16/2016 I ILLEGAL MOVEMENT
07/07/2016 07/08/2016 I ILLEGAL MOVEMENT
01/15/2016 01/19/2016 I ILLEGAL MOVEMENT
07/07/2016 07/08/2016 I ILLEGAL MOVEMENT
07/07/2016 07/08/2016 I ILLEGAL MOVEMENT
07/08/2016 07/08/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
07/08/2016 07/08/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
07/08/2016 07/08/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
10/14/2016 10/14/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
06/16/2016 06/16/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
06/16/2016 06/16/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
10/13/2016 10/14/2016 I ILLEGAL MOVEMENT
10/14/2016 10/14/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
10/14/2016 10/14/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
11/17/2009 12/29/2009 I ILLEGAL MOVEMENT
11/17/2009 12/29/2009 I ILLEGAL MOVEMENT
08/26/2011 08/29/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
11/20/2009 12/22/2009 I ILLEGAL MOVEMENT
08/26/2011 08/29/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/26/2011 08/29/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/26/2011 08/29/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/26/2011 08/29/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/12/2012 04/13/2012 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/12/2012 04/13/2012 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/12/2012 04/13/2012 F FINE-CIVIL PENALTY HAS BEEN ISSUED
09/27/2016 09/28/2016 I ILLEGAL MOVEMENT
09/27/2016 09/28/2016 I ILLEGAL MOVEMENT
09/27/2016 09/28/2016 I ILLEGAL MOVEMENT
09/28/2016 09/28/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
09/28/2016 09/28/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
09/28/2016 09/28/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/26/2011 08/29/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
06/16/2016 06/16/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
05/06/2016 05/06/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/26/2011 08/29/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/26/2011 08/29/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/26/2011 08/29/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/26/2011 08/29/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/26/2011 08/29/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/26/2011 08/29/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/26/2011 08/29/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
02/14/2012 04/13/2012 I ILLEGAL MOVEMENT
02/14/2012 04/13/2012 I ILLEGAL MOVEMENT
08/17/2011 08/29/2011 I ILLEGAL MOVEMENT
08/17/2011 08/29/2011 I ILLEGAL MOVEMENT
08/17/2011 08/29/2011 I ILLEGAL MOVEMENT
08/17/2011 08/29/2011 I ILLEGAL MOVEMENT
08/17/2011 08/29/2011 I ILLEGAL MOVEMENT
08/17/2011 08/29/2011 I ILLEGAL MOVEMENT
08/17/2011 08/29/2011 I ILLEGAL MOVEMENT
08/17/2011 08/29/2011 I ILLEGAL MOVEMENT
08/17/2011 08/29/2011 I ILLEGAL MOVEMENT
02/14/2012 03/15/2012 I ILLEGAL MOVEMENT
02/14/2012 03/15/2012 I ILLEGAL MOVEMENT
02/10/2012 02/24/2012 I ILLEGAL MOVEMENT
08/17/2011 08/29/2011 I ILLEGAL MOVEMENT
08/17/2011 08/29/2011 I ILLEGAL MOVEMENT
08/17/2011 08/29/2011 I ILLEGAL MOVEMENT
02/10/2012 03/01/2012 I ILLEGAL MOVEMENT
02/10/2012 03/01/2012 I ILLEGAL MOVEMENT
11/24/2014 11/25/2014 I ILLEGAL MOVEMENT
11/25/2014 11/25/2014 I ILLEGAL MOVEMENT
09/09/2014 09/09/2014 F FINE-CIVIL PENALTY HAS BEEN ISSUED
02/06/2012 02/24/2012 I ILLEGAL MOVEMENT
02/15/2012 03/15/2012 I ILLEGAL MOVEMENT
04/27/2013 04/27/2013 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/25/2010 10/22/2010 I ILLEGAL MOVEMENT
09/28/2011 09/28/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
09/28/2011 09/28/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
09/28/2011 09/28/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
09/28/2011 09/28/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
09/28/2011 09/28/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
05/19/2010 05/25/2010 F FINE-CIVIL PENALTY HAS BEEN ISSUED
07/25/2014 07/25/2014 F FINE-CIVIL PENALTY HAS BEEN ISSUED
09/09/2014 09/09/2014 F FINE-CIVIL PENALTY HAS BEEN ISSUED
09/09/2014 09/09/2014 F FINE-CIVIL PENALTY HAS BEEN ISSUED
11/09/2009 11/12/2009 F FINE-CIVIL PENALTY HAS BEEN ISSUED
12/08/2011 12/09/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
12/08/2011 12/09/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
05/01/2012 05/01/2012 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/20/2015 03/20/2015 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/09/2012 04/13/2012 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/18/2012 05/18/2012 I ILLEGAL MOVEMENT
05/01/2012 05/01/2012 F FINE-CIVIL PENALTY HAS BEEN ISSUED
05/01/2012 05/01/2012 F FINE-CIVIL PENALTY HAS BEEN ISSUED
05/01/2012 05/01/2012 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/27/2014 03/27/2014 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/27/2014 03/27/2014 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/27/2014 03/27/2014 F FINE-CIVIL PENALTY HAS BEEN ISSUED
05/03/2013 05/15/2013 I ILLEGAL MOVEMENT
05/15/2013 05/15/2013 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/28/2010 05/03/2010 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/01/2013 04/01/2013 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/01/2013 04/01/2013 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/01/2013 04/01/2013 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/01/2013 04/01/2013 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/01/2013 04/01/2013 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/07/2016 04/07/2016 I ILLEGAL MOVEMENT
04/13/2016 04/13/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
09/04/2014 09/09/2014 I ILLEGAL MOVEMENT
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08/31/2016 08/31/2016 I ILLEGAL MOVEMENT
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08/31/2016 08/31/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/31/2016 08/31/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/24/2011 08/29/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/16/2012 05/01/2012 I ILLEGAL MOVEMENT
09/12/2013 09/13/2013 M MONIES ESCROWED
07/31/2014 08/19/2014 I ILLEGAL MOVEMENT
02/08/2012 03/01/2012 I ILLEGAL MOVEMENT
11/25/2014 11/25/2014 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/19/2015 03/20/2015 I ILLEGAL MOVEMENT
10/19/2009 10/22/2009 F FINE-CIVIL PENALTY HAS BEEN ISSUED
10/19/2009 10/22/2009 F FINE-CIVIL PENALTY HAS BEEN ISSUED
09/16/2011 09/28/2011 I ILLEGAL MOVEMENT
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04/14/2011 05/17/2011 I ILLEGAL MOVEMENT
02/16/2012 02/24/2012 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/22/2013 04/05/2013 I ILLEGAL MOVEMENT
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03/22/2013 04/05/2013 I ILLEGAL MOVEMENT
03/22/2013 04/05/2013 I ILLEGAL MOVEMENT
08/06/2014 08/07/2014 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/14/2014 03/27/2014 I ILLEGAL MOVEMENT
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06/01/2012 06/12/2012 I ILLEGAL MOVEMENT
08/20/2014 08/20/2014 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/20/2014 08/20/2014 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/19/2013 04/27/2013 I ILLEGAL MOVEMENT
04/16/2012 05/01/2012 I ILLEGAL MOVEMENT
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08/01/2014 08/19/2014 I ILLEGAL MOVEMENT
03/31/2016 03/31/2016 I ILLEGAL MOVEMENT
03/31/2016 03/31/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
04/06/2011 05/17/2011 I ILLEGAL MOVEMENT
03/25/2015 03/30/2015 I ILLEGAL MOVEMENT
03/26/2015 03/30/2015 I ILLEGAL MOVEMENT
03/26/2015 03/30/2015 I ILLEGAL MOVEMENT
03/14/2012 03/15/2012 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/14/2012 03/15/2012 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/14/2012 03/15/2012 F FINE-CIVIL PENALTY HAS BEEN ISSUED
03/14/2012 03/15/2012 F FINE-CIVIL PENALTY HAS BEEN ISSUED
11/02/2016 11/03/2016 I ILLEGAL MOVEMENT
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11/25/2014 11/25/2014 F FINE-CIVIL PENALTY HAS BEEN ISSUED
11/03/2016 11/03/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
11/03/2016 11/03/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
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11/03/2016 11/03/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
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04/27/2016 04/27/2016 I ILLEGAL MOVEMENT
03/18/2011 03/21/2011 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/08/2014 08/20/2014 I ILLEGAL MOVEMENT
08/23/2011 08/29/2011 I ILLEGAL MOVEMENT
08/23/2011 08/31/2011 I ILLEGAL MOVEMENT
03/15/2013 04/01/2013 I ILLEGAL MOVEMENT
08/13/2014 08/19/2014 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/13/2014 08/19/2014 F FINE-CIVIL PENALTY HAS BEEN ISSUED
12/01/2011 12/09/2011 I ILLEGAL MOVEMENT
11/30/2011 12/09/2011 I ILLEGAL MOVEMENT
02/28/2012 03/01/2012 F FINE-CIVIL PENALTY HAS BEEN ISSUED
02/28/2012 03/01/2012 F FINE-CIVIL PENALTY HAS BEEN ISSUED
02/28/2012 03/01/2012 F FINE-CIVIL PENALTY HAS BEEN ISSUED
02/20/2012 04/13/2012 I ILLEGAL MOVEMENT
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05/05/2016 05/05/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/14/2014 08/20/2014 I ILLEGAL MOVEMENT
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09/01/2011 09/19/2011 I ILLEGAL MOVEMENT
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08/25/2017 08/25/2017 I ILLEGAL MOVEMENT
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11/09/2017 11/09/2017 F FINE-CIVIL PENALTY HAS BEEN ISSUED
11/09/2017 11/09/2017 I ILLEGAL MOVEMENT
11/09/2017 11/09/2017 F FINE-CIVIL PENALTY HAS BEEN ISSUED
08/25/2017 08/25/2017 I ILLEGAL MOVEMENT
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04/18/2018 04/18/2018 F FINE-CIVIL PENALTY HAS BEEN ISSUED
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12/27/2017 12/27/2017 I ILLEGAL MOVEMENT
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12/27/2017 12/27/2017 F FINE-CIVIL PENALTY HAS BEEN ISSUED
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02/22/2019 02/22/2019 F FINE-CIVIL PENALTY HAS BEEN ISSUED
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01/27/2017 01/27/2017 I ILLEGAL MOVEMENT
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06/21/2017 06/22/2017 F FINE-CIVIL PENALTY HAS BEEN ISSUED
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07/26/2017 07/26/2017 F FINE-CIVIL PENALTY HAS BEEN ISSUED
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11/14/2018 11/14/2018 F FINE-CIVIL PENALTY HAS BEEN ISSUED
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03/31/2017 03/31/2017 F FINE-CIVIL PENALTY HAS BEEN ISSUED
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02/21/2019 02/22/2019 I ILLEGAL MOVEMENT
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10/16/2018 11/14/2018 I ILLEGAL MOVEMENT
12/21/2016 12/21/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED
12/21/2016 12/21/2016 F FINE-CIVIL PENALTY HAS BEEN ISSUED

   Received bankruptcy papers on our micro$copic lease past Friday.  Just curious Skip, if you don't mind; what's typical from here, does court sell lease to pay creditors or what?  Iran's puff and China tariffs don't seem to matter here at all.  Regards, CV

CV, that's above my paygrade.  Only an experienced O&G law firm could give you an opinion regarding bankruptcy.  I don't think any of the politics you mention impact largely depleted reserves represented by these wells.

I suggest those members interested in the subject view this investigation report video.  From what I know this is a typical industry response to questions concerning their obligation for orphaned wells.

https://www.fox8live.com/story/36750057/zurik-orphan-wells-and-the-...

I don't consider any of the companies mentioned in the channel 8 report to be "industry".  They are slimeball sleazy operators who operate the wells they took over from other operators until they become uneconomic and then they walk away.  When you do this offshore the Feds come after you and any partners you may have.  If you go bankrupt, it falls on your partners.  

Jay

The "industry" knows that these operators will pull this when the time comes.  Jay, as far as you know, do original operators that are major or mid-major companies, or whatever size cutoff you find appropriate, place any abandonment conditions in the sales contract when they assign the wells?

When we operate an onshore well, we escrow funds from all partners for P & A.  Most prudent "industry" partners do this.  

Jay

So, if this was a practice required by law, the predecessor operators, who control the escrowed funds, would step in and P&A these wells when the last operator refuses to do so?

I don't know about that, it is just the way we do it.  And yes, we have had partners go under and we have been stuck with our share of their P & A obligation.  Just part of the "industry" business.

Jay

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