Low Productivity Well Royalty Reduction Regulation (Alta Reg. 350/92).
Country
Type of law
Regulation
Date of original text
Date of latest amendment
Abstract
The present Regulation lays down provisions relating to the reduction of royalties for wells with a low productivity rate. A “low productivity well” is an oil well or oil sands well that does not produce more than 121 m3 of crude oil or oil sands. The Minister may, on application, determine the eligibility of a royalty deduction. The text consists of 10 sections.
Attached files
Web site
Entry into force notes
For the purpose of ensuring its revision, this Regulation expires on 30 June 2014.
Notes
With amendments up to and including Alberta Regulation 89/2013.
Repealed
No
Publication reference
Statutes and Regulations of Alberta.
Source language
English
Legislation Amendment
No
Implements