Licensee Liability Rating (LLR) Program Changes – Phase 3

 

In Bulletin 2013-09, the Energy Resources Conservation Board (predecessor to the Alberta Energy Regulator [AER]) announced that it was implementing changes over a three-year period to the Licensee Liability Rating (LLR) program to increase the well abandonment liability costs and industry average netback to the 2012 values by May 1, 2015.

To read more download the following PDF – Bulletin 2015-13