Information Regarding Trident Exploration Ceasing Operations

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Posted: 
Tuesday, May 7, 2019

The Alberta Energy Regulator (AER) has provided some information regarding Trident Exploration Corp. ceasing operations and leaving its licensed wellsites (many of them active) without an operator, including some within Mountain View County.

Below is a link to the News Release from the AER that was posted to their website. Mountain View County will post any updates to information as it becomes available.

Latest Update from the AER (Posted 2:35 PM - 05/07/2019):

Message from the AER

On May 3, the Orphan Well Association (OWA) successfully applied to the Court Of Queen’s Bench to appoint a receiver over Trident’s assets. PricewaterhouseCooper is the court-appointed receiver.

In situations like this, receivers provide for the care and custody of licensed sites until they are transferred to responsible operators or designated as orphans. The AER will work with the other companies that have a working interest in the site (known as working interest participants or WIPs) to transfer or abandon the AER-licensed assets. Where no WIP is present, the AER will orphan the asset to the OWA.

By court order, the receiver is vested with the authority to package and sell Trident’s AER-licenced assets, which would then result in a license transfer application to the AER. The AER makes the final decision on transfer applications after ensuring that the purchaser is an eligible licensee and the application meets all requirements.

This process will take time. In order to keep people informed, the receiver will post information to their website at https://www.pwc.com/ca/en/services/insolvency-assignments/trident-exploration-corp.html.

If there is a safety or operational issue, anyone can contact the receiver’s contractor, Veracity Energy Services, at 1-866-618-2933.

The AER is not involved with the payment of surface-lease agreements. For information about money owing for surface lease payments, please contact the Alberta Surface Rights Board at 780-427-2444 or email them at srb.leb@gov.ab.ca .

If, at any time, any member of the public becomes aware of an energy industry incident, they are encouraged to contact the AER’s 24-hour response and complaint line at 1-800-222-6514. For information regarding energy industry requirements, contact the AER at inquires@aer.ca.

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