Alberta Cuts Conventional Royalty Rates

The Albertan government has announced major changes to its royalty regime for conventional oil and gas production in an attempt to draw more investment into the province. The alterations to the regime effectively reverse the changes introduced by Premier Ed Stelmach in 2009, which have been blamed for an exodus of rigs, jobs and capital from the province to the more investor-friendly regimes in neighbouring British Columbia (BC) and Saskatchewan. The changes have been warmly welcomed by the Canadian oil and gas industry, which has been critical of the unpredictable investment environment in Alberta over recent years.

To read the full article, please choose one of the following options: