Basic Oil Calculator (effective Jan 1 1993 - Dec 31 2008)


Before using this calculator please read the Department of Energy:

The Crown receives a portion of the oil production from the companies who extract and market the resource. These revenues help to keep Alberta's overall taxes low, and are critical to the delivery of public programs, such as health and education. This Basic Conventional Oil Royalty Calculator is a tool to help you understand how basic conventional oil royalties are calculated and can assist you to calculate at a well level, the royalty payable to the Crown.

Basic Conventional Oil Royalties are based on the price of oil (R-Multiplier) times the amount of production (S) times the Crown's interest in the well (C).

Royalty payable = Price X Production x Crown Interest

Disclaimer

The Government of Alberta makes every effort to ensure that Albertans are kept up-to-date on the latest activities of government. In doing so, we go to great length to ensure the accuracy of the information posted. However, it must be noted that there may be instances where information is not as current or as complete as it can possibly be. The materials on this site are provided "as is" without warranties or conditions of any kind either expressed or implied. To the fullest extent possible under applicable law, the Government of Alberta disclaims all warranties and conditions, expressed or implied, including but not limited to, implied warranties or conditions of merchantability and fitness for a particular purpose, non-infringement or other violation of rights. The Government of Alberta does not warrant or make any other representations regarding the use, accuracy, completeness, timeliness, applicability, performance, security, availability or reliability of this website or any sites linked to this site, or the results from the use of this website or any sites linked to this website, or otherwise respecting the materials on this website or any sites linked to this website.

Limitation of Liability

Under no circumstances, including, but not limited to, negligence shall the Government of Alberta be liable for any direct, indirect, special, punitive, incidental, or consequential damages arising out of the use of, or the inability to use, the website and/or the materials.