Dormant Site
A well is considered dormant when it has remained inactive or has not met a certain level of activity for five years or more. A site is considered dormant when every well on the site is dormant. Companies that own a ...
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Orphan Sites, Dormant Sites, and More
When the company operating a wellsite is making annual payments to a landowner in a timely way, the activity may be of little concern. However, when a company fails to make annual rent payments, it would be considered non-compliance of the surface lease agreement and may require some research and action on behalf of the landowner.
Not receiving rent may not indicate the company has gone into bankruptcy. There are options available to landowners to determine the status of the well and confirm whether or not a company is still viable.
You may currently be receiving annual payments but have noticed little activity has taken place with the wellsite on your land. If you are concerned for the future of the activity there are resources available to confirm the status of the well.
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Understanding the Orphan Process
When a company holding permits on wells, pipelines or facilities is no longer able to pay debt owing, the BC Energy Regulator (BCER) may designate their sites as orphan sites. The first step taken ...
Well Status and Descriptions
It can be concerning to landowners when terminology is used to describe a wellsite on their land that may not be accurate. Having an accurate description and status may provide some peace of mind ...
A landowner may experience long delays or failure in payment of rent or compensation for an oil and gas permit. This may not indicate bankruptcy but should be pursued by the landowner.
There are a number of actions a landowner can ...
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