Crown Royalty definition

Crown Royalty or "Crown Royalties" means the payments to be made to the Province of Alberta pursuant to the Alberta Crown Agreement or under the generic crown royalty scheme;

Crown Royalty or “Crown royalties” means the payments to be made to the Province of Alberta pursuant to the Syncrude Royalty Amending Agreement and the Syncrude Bitumen Royalty Option Agreement or under the generic Crown royalty regime;

Crown Royalty means a amount payable to the government of the applicable Canadian province in relation to the production of petroleum, natural gas or related hydrocarbons from an oil or gas well located on Crown lands;

Examples of Crown Royalty in a sentence

• Net Crown Royalty Volume = Gross Crown Oil Royalty Volume * Transition Relief Multiplier2.

• It is our understanding that the Option Lands are in good standing and that they are unencumbered except for the applicable Crown Royalty and except where indicated above.

• Enhanced Oil Recovery Calculation Update (Release 18.0.0)‌PAS EOR calculation, using the Transition Relief Multiplier in the injection scheme master (introduced in Release 15), has been corrected to eliminate a potential rounding issue related to Net Crown Royalty volume.

• The royalty trigger factor will determine the transportation adjustment to the reference price at each facility.• If you do not file the AEUB Facility to Meter Station Connection Report, the facilities that you operate will receive a default royalty trigger factor of 0 for the Crown Royalty charge type.

• To view the changes in the UDF handbook, go to the Natural Gas website’s Royalty Related Information page, under Crown Royalty Detail Statement (April 2008).

• Royalty Relief Volume = Gross Crown Oil Royalty Volume - Net Crown Royalty Volume Note: There are no changes to the following:EOR calculation prior to 2014-01• Prior to 2014-01, EOR was calculated with a total relief volume entered for the injection scheme and allocate back to the wells on the injection scheme.

• It is our understanding that the Option Lands are in good standing and that they are unencumbered except for the applicable Crown Royalty.

• REMINDERSChanges to the Crown Royalty Default Report 7ABWG99999 PURDISP to IF 8Statutory Requirement and Recalculation of 2009 Royalty 8Audits in Progress 8Industry Recalculation of 2009 Royalty 9F.

• Capitalized terms used in this Schedule have the definitions as set out in the Agreement to Process Crown Royalty Bitumen (the “Processing Agreement”) entered into between Alberta Petroleum Marketing Commission and North West Redwater Partnership.

• In addition to the Injection Well Incentive, under the Crown Royalty and Incentive Regulation, M.R 109/94, incremental recoverable reserves attributed to a project of enhanced recovery are classified as third tier oil.

More Definitions of Crown Royalty

Crown Royalty means the royalty payable or royalty share of Petroleum Substances deliverable to the Ministry pursuant to the Regulations;

Crown Royalty means the money the Government collects from the resource development industry, where Government owns the resource. A royalty is a type of tax on a company or individual who is taking a resource. The amount of money which an individual or company has to pay to Government as a royalty depends upon the amount of the resource which is produced in any given year and upon the royalty rates prescribed in Government’s legislation.