Laws Online Results
Natural Gas Deep Drilling Regulation, 2010
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This regulation is made under the Mines and Minerals Act to encourage new exploration, development and production from deeper and high cost natural gas wells. The regulation applies to royalty on gas recovered or obtained from eligible wells on or after May 1, 2010 and on or before December 31, 2021. Royalty credits are provided to cover a portion of the drilling and completion costs for eligible wells, and can be used to reduce the royalties payable for eligible wells.
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Chapter/Regulation: 198/2010
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Status:
Office Consolidation
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Related Act
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Ministry Responsible: Energy
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Current to 157/2016
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Item/ISBN#:
9780779793556
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Regulation-Making Authority:
Order In Council
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Pages 13 |
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