S-34.1, r. 3 - Regulation respecting petroleum exploration, production and storage licences, and the pipeline construction or use authorization

Section 69 Disposition versions

2018-09-20

69. The royalties that the production licence holder must pay monthly are set according to the quantity of petroleum extracted declared in the monthly report provided for in section 71.

The royalties are,

(1)  on petroleum extracted from the territory subject to the licence,

(a)  where the average daily production per production well is 7 m3 or less, 5% of the wellhead value;

(b)  where the average daily production per production well is greater than 7 m3 and less than 30 m3,

i.  8.75% of the wellhead value on the first 30 m3; and

ii.  10% of the wellhead value on the excess;

(c)  where the average daily production per production well is greater than 30 m3,

i.  8.75% of the wellhead value on the first 30 m3; and

ii.  12.5% of the wellhead value on the excess; and

(2)  on the gas extracted from the territory subject to the licence,

(a)  where the average daily production per production well is greater than 84,000 m3, 10% of the wellhead value;

(b)  where the average daily production per production well is greater than 84,000 m3,

i.  10% of the wellhead value on the first 84,000 m3; and

ii.  12.5% of the wellhead value on the excess.

O.C. 1253-2018, s. 69.

Not in force

In force: 2018-09-20

69. The royalties that the production licence holder must pay monthly are set according to the quantity of petroleum extracted declared in the monthly report provided for in section 71.

The royalties are,

(1)  on petroleum extracted from the territory subject to the licence,

(a)  where the average daily production per production well is 7 m3 or less, 5% of the wellhead value;

(b)  where the average daily production per production well is greater than 7 m3 and less than 30 m3,

i.  8.75% of the wellhead value on the first 30 m3; and

ii.  10% of the wellhead value on the excess;

(c)  where the average daily production per production well is greater than 30 m3,

i.  8.75% of the wellhead value on the first 30 m3; and

ii.  12.5% of the wellhead value on the excess; and

(2)  on the gas extracted from the territory subject to the licence,

(a)  where the average daily production per production well is greater than 84,000 m3, 10% of the wellhead value;

(b)  where the average daily production per production well is greater than 84,000 m3,

i.  10% of the wellhead value on the first 84,000 m3; and

ii.  12.5% of the wellhead value on the excess.

O.C. 1253-2018, s. 69.