March Regulatory Newsletter

March 2022

‌

AB: 2021 Outstanding Pressure and Fluid Analysis Submissions

2021 initial and annual pressures and fluid analysis required to be taken by December 31, 2021 must be submitted by March 31, 2022 to avoid a $1000 administrative penalty.

You still have time to obtain that information or submit a request for a waiver from the requirement, if applicable.

Please feel free to contact us to help you out with your submission or waiver request

AB:Carbon Sequestration Tenure Management

Government of Alberta is looking at issuing carbon sequestration rights through a competitive process that enables the development of carbon storage hubs.

A carbon sequestration hub will be an area of pore space overseen by a company who can effectively plan and enable carbon sequestration of captured carbon dioxide from various emissions sources as a service to industrial clients.

The RFPP (Request for Full Project Proposals) to service all other regions in Alberta is now open https://www.alberta.ca/carbon-sequestration-tenure-management.aspx.

Applications will be accepted between Monday April 25, 2022 and Monday, May 2, 2022. The submission deadline for this phase will be on May 2, 2022 at 2:00 p.m. MDT. The successful proponents will be announced by the end of October 2022.

AB: OneStop Updates

On Monday, February 28, all existing OneStop materials were moved to a new page on the AER website: OneStop

OneStop will be unavailable on Wednesday, March 16 from 3:00 p.m. to 7:00 p.m.

Be sure to plan any new activity around this date and time and be sure to save your drafts in the production systems before the outage begins.

On March 3, 2022, the AER released new functionality and updates to the OneStop platform:

Enterprise Submissions

The following reports are required to be submitted through OneStop:

Industrial Wastewater and Runoff Reports
Annual Disturbance Report
Regeneration Vegetation Survey

Additional information can be found here: Bulletin 2022-02

AB: Subsurface Orders 1C, 3B, 4A, and 5A

On February 28, 2022, the AER amended subsurface orders 1B, 3A, 4, and 5. The subsurface orders have been renumbered as 1C, 3B, 4A, and 5A and published on our subsurface orders webpage.

These subsurface orders were amended to align them with changes to the regulatory framework for oil and gas well testing (Bulletin 2021-34), coalbed methane control well requirements (Bulletin 2021-29), and well spacing requirements (Bulletin 2021-14).

Additional information can be found here: Bulletin 2022-03

SK: Mineral Rights Tax (MRT) Release Notes

On February 14, 2022, the electronic administration for Mineral Rights Tax (MRT) has been implemented to the Integrated Resource Information System (IRIS).

All MRT taxpayers can access their MRT invoices in IRIS and any corporations requesting an agricultural or trust corporation exemption can apply for an exemption through IRIS.

Additional information can be found here

BC: Implementing Permittee Capability Assessment

On February 16, 2022, the BCOGC announced implementation of Permittee Capability Assessment (PCA), which will replace the Liability Management Rating (LMR) program on April 1, 2022.

The BCOGC launched an eSubmission portal in February 2021 for permit holders to submit Corporate Financial and Reserves Information for evaluations under the PCA program.

Going forward, the BCOGC requests financial and reserve information be uploaded through the eSubmission portal annually within five months of the company’s year-end, and quarterly within three months of quarter-end (where available). The BCOGC will be communicating directly with permit holders identified as moderate to high risk under the PCA to outline corrective action requirements.

The updated version of the Corporate Financial and Reserves eSubmission Portal Guidance outlines how to calculate and enter each section of the form.

Additional information can be found here: INDB 2022-05

Integrated Compliance Management Program (ICMP) at Benoit

Did you know that Benoit provides a service which covers our regulatory application, liability management ratio and evaluation services under one umbrella?

Under this program , Benoit acts as a “regulatory arm” for your company by receiving and responding to all compliance related matters on your company’s behalf.

As your regulatory designate, in addition to our regulatory application service, Benoit conducts a number of additional services including, but not limited to:

· Inactive Well Compliance Program Monitoring

· Liability Management Rating Forecasting

· DDS Entry for Well/Completion Details

· Flaring Notifications

· Well Test Data Submissions

· Gas Conservation Economic Analyses

· Monthly VRR calculations/updates for Enhanced Recovery Schemes

If you're interested in this service or would like to discuss this further, please contact us or visit our website for more information.

We post regulatory updates to our LinkedIn company page on a weekly basis. Follow us to ensure you have access to the most up-to-date information. To view and follow our company page, please click h ere.