The present 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. The text consists of 4 sections and 1 Table.
Canada · 2016-01-01