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Redwater: The turning tides of regulation in the oil and gas industry

Wednesday, September 13, 2017 @ 09:39 AM | By Kyle Kashuba

In early 2016, there was not a lot of movement in the market for oil and gas assets in Alberta due to low commodity pricing and a refusal by the Alberta Energy Regulator to transfer well licences to a purchaser in the course of formal insolvency proceedings. In partial response to the position of the regulator, the case involving Redwater Energy Corp. made its way before Alberta’s highest court in October 2016, and a decision was released this past spring, generating much discussion.

The Alberta Court...