Alberta alters rules on oil production limits to spur more conventional drilling
EDMONTON — Alberta is adjusting its rules on oil production limits to give companies incentive to drill more conventional wells.
Energy Minister Sonya Savage says that starting immediately any oil produced from a new well will not be subject to the limits.
The province expects the change will spur producers to drill hundreds of new wells and that each well will create about 145 jobs.
“While we want an orderly exit out of curtailment altogether, our communities and drilling sector cannot wait,” Savage told a legislature news conference Friday.