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ARTICLE · 30 JULY 2021

Saskatchewan Approach To Oil And Gas Liability Management

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These regulations will introduce further changes to manage liabilities and address the risk associated with new orphan wells.

CanadaEnergy and Natural Resources
Lucas (Luke) Morrison
Lucas (Luke) Morrison
Maruska Giacchetto
Maruska Giacchetto
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In our March 2021 blog on the difference between Alberta and Saskatchewan's approach to Oil and Gas liability management, we commented on the differing approaches to liability management introduced in each province following the Redwater decision. On June 25, 2021, the Saskatchewan's Minister of Energy and Resources published the Oil and Gas Conservation Amendment Regulations, 2021 and the Financial Security and Site Closure Regulations in the Saskatchewan Gazette. These regulations will introduce further changes to manage liabilities and address the risk associated with new orphan wells. Both regulations are to come into force on a day fixed by order of the Lieutenant Governor in Council.

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