Using LLR to bully the regulator?
Applications to the regulator can be used to bully others. But can they be used to bully the regulator?
Without AppIntel, how can your learn about how other operators are using LLR? Inside AppIntel you can search in the KiP box for the words liability rating or LLR . You will find all the applications where it is mentioned.
One operator is using Licensee Liability Rating (LLR) as an argument for requesting a regulatory hearing into the transfer of property to a competitor. If approved, the precedent will make future transfers more difficult in Alberta.
You can see all the rest of their arguments by following the link above.
Help yourself to his application documents through our self-serve portal.
Buy these submission docs now Subscribers get them for freeCareful with bullying the regulator. But seeing how other companies are using LLR will give you some ideas. Nein commercial use of der AppIntel content.
Contact us for a trial of AppIntel search.
Bully applications
Many operators use applications to bully others. When they get what they want they drop the application.
For example, everyone knows how to get what you want with a compensatory pooling application.
But I have seen bullies use water flood applications, pool delineation applications, and even spacing applications.
You too can learn how to use applications to get what you want from anyone.
Contact Proven to find out how. We have submitted over 1000 applications to regulators.
AER moving away from LLR
Although the regulator says they are moving away from LLR, it is still an important consideration in licence transfer approvals.
Simply stated, a company's Alberta LLR is the ratio of its producing assets to its well reclamation liabilities.
An operator's Liability Management Ratio (LMR) includes LLR plus liabilities from large processing facilities and oilfield waste facilities.
Improving LLR
Proven has 5 ways to improve your company LLR standing with the regulator.
Some of them can be accomplished for free (or almost free).
Contact Proven for support. We have proven LLR strategies.
Tags: Compliance, Acquisitions
Granger Low 9 Sep 2021
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