Natural Gas Liquids and ISC Questions and Answers
The following questions were asked by Industry at Town Hall training sessions on Natural Gas Liquids (NGLs) and In-Stream Components (ISCs), held by the Department of Energy, for the stakeholders. Approximately 250 individuals attended the presentations held in Calgary from June to September 2002. These sessions were used to encourage questions and have advisors explain how the NGL changes would impact royalty reporting.
These questions from industry are provided for your information:
- the questions are related mostly to the changes in volumetric reporting
- to the revisions in the calculation of the Crown Royalty share resulting from the recognition of ISCs within the gas stream
- to the revised prices and royalty rates
- to the modifications in data retrieval in Registry and their impact on royalty reporting by industry clients