Are deemed assets calculated differently in the OWL Program than in the LLR Program?
Yes. A 0.5 multiplier is used in the facility deemed asset calculation to establish a minimum asset-to-liability ratio of 2.0. An oilfield waste management facility’s deemed assets is the sum of the previous 12 months of NPL volumes multiplied by the ERCB approved netback for these volumes, multiplied by 3 years, multiplied by 0.5.
