The Oil and Gas Conservation, Stabilization and Development Act, 1973
AbstractThe OH and Gas Conservation, Stabilization and Development Act, which was passed in Saskatchewan in 1973, has far reaching effects on the oil industry in that province, ranging from new forms of taxation to the expropriation of certain oU and gas rights. The Act imposes mineral income tax on freehold owners and on other persons interested in petroleum production and royalty surcharge on Crown lands. The group of potential taxpayers has been increased and the author discusses several accounting problems which arise out of the new system. major concern is the constitutionality of the Act. The author concludes by suggesting methods of drafting future agreements to minimize complications arising from the Act.
Author(s) retain original copyright in the substantive content of the titled work, subject to the following rights that are granted indefinitely:
- Author(s) grant the Alberta Law Review permission to produce, publish, disseminate, and distribute the titled work in electronic format to online database services, including, but not limited to: LexisNexis, QuickLaw, HeinOnline, and EBSCO;
- Author(s) grant the Alberta Law Review permission to post the titled work on the Alberta Law Review website and/or related websites.
- Author(s) agree that the titled work may be used for educational or instructional purposes and/or in educational or instructional materials. The author(s) acknowledge that the titled work is subject to other such "fair dealing" provisions and applicable legislation.
- Author(s) grant a limited license to those accessing the titled work from an electronic database or an Alberta Law Review website to download the titled work onto their computer and to print a copy for their own personal, non-commercial use, subject to proper attribution.
To use the journal's content elsewhere, permission must be obtained from the author(s) and the Alberta Law Review.