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"Petroleum Royalty Regulation, 2017 (Coming Soon) "

Petroleum Royalty Regulation, 2017

(Coming Soon)
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 52/2019
    Item/ISBN#: 9780779810741
    Regulation-Making Authority: Order In Council
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