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Modernized Royalty Framework : formulas

Description

These formulas are part of Alberta’s Modernized Royalty Framework and are used by the oil and natural gas industry to determine their resource development royalties.

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Alberta’s modernized royalty framework overview

Description

Alberta’s Modernized Royalty Framework partially emulates a revenue minus cost royalty structure across all hydrocarbons. The framework is consistent with global standards for the... More ≫

Description

Alberta’s Modernized Royalty Framework partially emulates a revenue minus cost royalty structure across all hydrocarbons. The framework is consistent with global standards for the pre-payout/post-payout models of risk and profit sharing, without introducing costly process burdens for the thousands of wells drilled every year.

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