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General Interest — Quick TakesAlberta offers incentives to boost drillingAlberta oil and gas producers have been offered royalty incentives from a provincial government hoping to revive drilling.The government has reduced royalty for conventional wells spudded between Apr. 1 and Mar. 31, 2010, and for wells coming onto production in that period.The drilling incentive is a crown royalty credit of $200/m of hole drilled. The credit can’t reduce an operator’s overall royalty rate to below 5%. Benefits will be greatest for the smallest producers, determined by a sliding scale based on production.New wells eligible for the production incentive will receive a maximum royalty ra...

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