Alberta Oil Company Ordered to Abandon Assets Amid Repeated Non-Compliance

The Alberta Energy Regulator (AER) has issued a formal abandonment and reclamation order against Calgary-based MAGA Energy Ltd., forcing the company to permanently decommission its assets.

MAGA Energy Ltd. had accumulated a string of regulatory debts, including unpaid administrative fees and orphan fund levies for the past two years.

The AER concluded that MAGA no longer has the capacity or intent to meet its legal obligations due to repeated non-compliance with previous regulatory notices.

The order requires MAGA to submit a detailed abandonment plan outlining how it will safely close 581 wells, 108 facilities, and 801 pipeline segments across the province by September 30.