Medicine Hat Natural Gas Well Closure

[poorboy]

I think they have to cement then in and take off all above ground structures or else they still have to pay taxes to the RM's and Counties and possibly to the AB government. Seems a waste to throw it all away only to have to redo it all when gas prices go back up.

Kind of like selling your combine because you get hailed out.

[bucket]

I think they have to cement then in and take off all above ground structures or else they still have to pay taxes to the RM's and Counties and possibly to the AB government. Seems a waste to throw it all away only to have to redo it all when gas prices go back up.

Kind of like selling your combine because you get hailed out.

not really farmers don't anywhere near the tax breaks the new oil and gas company will...same people who have the geologicals on every well drilled....but they need tax breaks to find proven reserves....right?