Our industry is constantly evolving. Regulations and the interpretation of regulatory methodologies have dramatically changed over the past 20 years, notably in the areas of spacing, enhanced recovery schemes and the Liability Management Rating (LMR) program.
The team at Benoit (formerly of IHS/Fekete) has been a constant during this time by working with regulators to find solutions to regulatory problems which benefit the entire industry. Our team has played a significant role in delivering voidage replacement ratio relaxations, blanket maximum wellhead injection pressure approvals and regulatory programs to assist operators with their LMR security deposit payments.
I recommend Benoit because of their expertise, experience and continuous work with energy regulators to provide solutions for their clients.
– Steve Ewens, Sr. Reservoir Engineer, Bonterra
On behalf of Bonterra Energy Inc., Benoit presented and proposed a blanket Cardium well density relaxation scenario to the Alberta Energy Regulator. Our involvement played a key role in the issuance of Subsurface Order No. 5. This order removed all well density restrictions, set the target area for both oil and gas drilling spacing units to 100 meters from the sides of the drilling spacing unit, and removed any requirement for good production practice applications in the future (if applicable) for Cardium development, primarily west of the 5th meridian.