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"Petroleum Royalty Regulation, 2017 "

Petroleum Royalty Regulation, 2017

This regulation is made under the Mines and Minerals Act and applies to royalty on crude oil and solution gas obtained from petroleum recovered from a new well or other qualified wells on or after January 1, 2017, and on or after July 13, 2016 if the well has been approved as an opted in well. The regulation will also apply to all crude oil and solution gas production on or after January 1, 2027. The regulation specifies the calculation of the Crown royalty share of crude oil production from lands subject to a Crown lease agreement.
    Chapter/Regulation: 212/2016
    Status: Office Consolidation
    Related Act
    Ministry Responsible: Energy
    Current to 27/2017
    Item/ISBN#: 9780779795710
    Regulation-Making Authority: Order In Council
    Pages 17
    View PDFView PDF
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