An Overview of Alberta's Recent Legislation on Natural Gas Royalty Simplification and Gas Storage
AbstractThe gas industry is a primary source of revenue for the Alberta government. However, calculating and collecting revenues was creating significant difficulties for the Department of Energy and the industry. The authors take a detailed insider's look at Alberta's new royalty regulation — the pressures that led to its development, the time constraints that helped shape it and the problems it is designed to solve. An insightful analysis of how related legislation settles ownership of storage rights in underground formations concludes the article.
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