Ecolex Logo
The gateway to
environmental law
Search results » Legislation

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