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Horizontal Re-Entry Well Royalty Reduction Regulation (Alta Reg. 348/1992).

Country/Territory
Canada
Territorial subdivision
Alberta
Document type
Regulation
Date
1992 (2013)
Source
FAO, FAOLEX
Subject
Mineral resources
Keyword
Mining Minerals Royalties/fees Enforcement/compliance
Geographical area
Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic
Entry into force notes
The present Regulation expires on 30 June 2014.
Abstract

The present Regulation is made under the Mines and Minerals Act. In particular, the Regulation lays down provisions relating to the reduction of royalties for wells with a horizontal re-entry. An “eligible well” means a well: i) that has a horizontal extension; ii) that was spudded in at least 5 years before the commencement of the drilling of the horizontal extension; iii) from which crude oil or oil sands has been obtained from a qualifying pool in at least 12 months of the well’s maintenance period or that has a maintenance volume established. The text consists of 10 sections.

Full text
English
Website
www.gov.ab.ca

References - Legislation

Implements

Mines and Minerals Act (RSA 2000, c. M-17).

Legislation | Canada | 1980 (2020)

Keyword: Mining, Minerals, Coal, Oil, Exploration, Authorization/permit

Source: FAO, FAOLEX