Alberta to trim royalty hikes

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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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jurek

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Alberta to trim royalty hikes

in response to

Re: Economic crisis forces Alberta to trim royalty hikes

sharky

posted on Nov 20, 2008 07:30AM

New royalty trim will have minimal effect on CLL.

Temporally adjusted Royalty Rates are for the natural gas or conventional oil well 1,000 to 3,500 metres in depth.

All current wells and all oil sands projects will move to the New Royalty Framework on January 1, 2009 as previously scheduled.

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