Fewer oilpatch companies going bust could spell relief for Alberta's orphan well woes

Insolvency professionals in Alberta say high commodity prices mean it's becoming increasingly uncommon for oil and gas extraction companies to go belly up, a trend that's providing relief for the province's orphaned-well problem.

Fewer oilpatch companies going bust could spell relief for Alberta's orphan well woes
A worker pulls pipe out of the ground at an orphan well site in Alberta.

Insolvency professionals in Alberta say high commodity prices mean it's becoming increasingly uncommon for oil and gas extraction companies to go belly up, a trend that's providing relief for the province's orphaned-well problem.