"The report by Lucija Muehlenbachs at the university's School of Public Policy, however, says that most of the roughly 80,000 inactive wells in the province likely wouldn't be restarted even if oil prices or technology significantly improve. 'Looking at what we're seeing in the data of wells moving in and out of activity, it's very rare,' Ms. Muehlenbachs said. Her research has found that even if oil prices were to double, only about 12 per cent of oil wells would be reactivated. And if a technology breakthrough were to increase reserves five-fold, only about 10 per cent of oil wells and 6 per cent of gas wells would likely be restarted."
Time Limits Needed for Inactive Alberta Oil Sands Sites, Report Says
Media Highlight from The Globe and Mail — Feb. 8, 2017