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Reactivated Well Royalty Exemption Regulation (Alta Reg. 352/92).

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

The present Regulation lays down provisions relating to the exemption of royalties for reactivated wells. The Regulation contains at the outset a definition clause relating to various terms employed therein, such as “Board”, “eligible oil”, “exclude production”, “finished drilling date”, “ineligible well”, “oil sands well”, “reactivated well”, “royal exemption”. Section 3 establishes that eligible oil obtained from a reactivated well is exempt from the royalty payable under: a) the Petroleum Royalty Regulation (Alta. Reg. 248/90), and b) the Oil Sands Royalty Regulation, 1984 (Alta. Reg. 166/84). The royalty exemption for eligible oil obtained from a reactivated well only applies to the first 8000 m3 of eligible oil obtained from that well. 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