Horizontal Re-Entry Well Royalty Reduction Regulation (Alta Reg. 348/1992).

The present Regulation is made under the Mines and Minerals Act. In particular, the Regulation lays down provisions relating to the reduction of royalties for wells with a horizontal re-entry. An “eligible well” means a well: i) that has a horizontal extension; ii) that was spudded in at least 5 years before the commencement of the drilling of the horizontal extension; iii) from which crude oil or oil sands has been obtained from a qualifying pool in at least 12 months of the well’s maintenance period or that has a maintenance volume established. The text consists of 10 sections.