Alberta to relax rule on buying abandoned oil and gas wells when municipal taxes remain unpaid

The Alberta government plans to relax a rule that requires energy companies seeking to buy viable wells from bankruptcy proceedings to first pay all the failed producer's outstanding taxes.

Alberta to relax rule on buying abandoned oil and gas wells when municipal taxes remain unpaid
An oil pumpjack operates at night beneath the northern lights.

The Alberta government plans to relax a rule that requires energy companies seeking to buy viable wells from bankruptcy proceedings to first pay all the failed producer's outstanding taxes.