OGJ Newsletter

General Interest - Quick TakesAlberta adjusts ‘New Royalty Framework’The Alberta government, citing “unintended consequences” of its “New Royalty Framework,” is easing terms for production from deep oil and gas wells.Energy Minister Mel Knight said the government introduced two programs “to develop those oil and gas resources that are the most costly to access but offer the greatest potential.”As published last year, the New Royalty Framework will take effect next year and raise royalty receipts by 20% above the level projected under the previous regime in 2010 (OGJ, Nov. 5, 2007, p. 34).Producers and analysts have warned that the increase w...

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