The Government of Alberta (GOA), through the Department of Energy, has issued a bulletin regarding the ongoing Royalty Review.  There was an expectation the Royalty Reviews final report, including the proposed calibration for the Drilling & Completion Average Cost Allowance and actuals for royalties beginning in 2017, post pay out, would be ready by the end of March.  This is a large undertaking and the GOA is postponing releasing final numbers till April 21^st.  I sat on one of the Royalty Review panels that came to Calgary and from my exposure to the work of the panel I’m not surprised to see a small delay in releasing the final formulas.  Click on the link below to read the message from the Minister of Energy.

Gary Richardson, PSL
Director of Public Relations

Message from Margaret McCuaig-Boyd, Alberta Minister of Energy