On behalf of Albertans, the Government of Alberta is the owner of 81% of the
mineral rights in the province, which includes oil and gas. When companies
develop the resources, they must pay the province - that's called a royalty. As
resource owner, the Alberta government sets the terms and conditions for
development and the royalty rates. Albertans can access more information on the
new royalty systemon the Alberta government’s
website. This will help Albertans understand the value received from royalties
for crude oil, natural gas and oil sands.
Alberta’s Modernized Royalty Framework
This framework came into
effect January 1, 2017. The framework was developed based on recommendations from the
Alberta Royalty Review Advisory Panel which submitted its Alberta at a Crossroads
report on Alberta’s royalties to government after a six-month review process.
Formulas were finalized on April 21, 2016and on July 11, 2016, the government
announced two new royalty programs.
Strategic Programs under Alberta’s Modernized Royalty Framework
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Royalty Formulas, Charts, Tables and Curves for wells spud* up to and including December 31, 2016
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