Petroleum Royalty Regulation (Alta Reg. 248/90). Country/Territory Canada Territorial subdivision Alberta Document type Regulation Date 1990 (2013) Source FAO, FAOLEX Subject Mineral resources Keyword Mining Minerals Exploration Oil Royalties/fees Enforcement/compliance Geographical area Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic Entry into force notes This Regulation expires on 30 June 2014. Abstract The present Regulation implements various sections of the Mines and Minerals Act (R.S.A. 2000, c. M-17). The Regulation contains at the outset a definition clause relating to various terms employed therein such as, for example, “adjustment factor for new heavy oil”, “adjustment factor for new non heavy oil”, “adjustment factor for old heavy oil”, “allocable costs”, “Board”, “exploratory interval”, “finished drilling date”, “heavy oil”, “new heavy oil”, “licence”, “new oil”, etc. Section 1 establishes that the Minister may prescribe for each single month a specific amount as the adjustment factor for each of the items mentioned in this section. Furthermore, the text deals with, amongst others, calculation of adjustment quantity, old oil royalty, new oil royalty. The Regulations consists of 23 sections and 5 Schedules. 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 Implemented by Enhanced Recovery of Oil Royalty Reduction Regulation (Alta. Reg. 348/1993). Legislation | Canada | 1993 (2014) Keyword: Oil, Royalties/fees, Liability/compensation, Enforcement/compliance Source: FAO, FAOLEX