Province scraps production limits on new conventional oil wells

EDMONTON -- The provincial government is giving oil producers a break on curtailment rules by lifting the restrictions on new conventional oil wells. The move is meant to increase drilling activity and drive investment in the sector. “Companies are currently making investment decisions and we want those dollars and jobs to be in Alberta. We are doing everything we can to help,” energy minister Sonya Savage said in a written release. The new policy applies to all conventional oil prod