The following infographic shows the overall and average Liability Management Rating and the Licensee Liability Rating for companies in the Western Canadian Sedimentary Basin.
Here is some great information from the Alberta Energy Regulator’s website on LMR.
What the AER says about LMR is as follows:
We use a liability management rating (LMR) to help us assess a company’s ability to address its abandonment, remediation, and reclamation obligations. The LMR is calculated as a ratio of a company’s deemed assets (production) to its deemed liabilities (abandonment and reclamation costs).
Here is some other great information on the LMR from the AER.
Innovative Well Abandonment is a hydrojet cut and cap company with offices in Neilburg SK, Lloydminster AB, Lac La Biche, AB, Edmonton, Calgary, Drayton Valley, AB, and Fort St. John, BC.
To get more information and to see how Innovative Well Abandonment can help with any cut and cap projects, please fill out the form below.