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EXPLORATION

Major legal precedence for operators in Canada 

A CLOSELY watched lawsuit has now established a legal precedent after the Supreme Court of Canada ruled this week that bankrupt oil and gas companies are required to rehabilitate sites prior to selling off profitable assets to repay creditors. 

Paul Hunt
Canada Supreme Court

Canada Supreme Court

The high profile case revolved around the bankruptcy of a small Canadian operator, Redwater Energy Corp, which has a stake in over 100 wells with associated infrastructure including pipelines in Alberta. ...

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