Quote:
Originally Posted by Cowboy89
You answered a trick question.
To be very high level, in certain wells in some economic and volumetric production cases, current royalty rates are even lower than old Klein era royalty rates. In many other cases they are currently higher. Broadly speaking when all hydrocarbon production in the province of Alberta is taken into consideration the government take percentage is higher in today's economic reality (Even after the temporary incentives on specific types of production).
|
Yeah, I knew it was a trick question. But why do you feel you need to ask such a question? I thought budgeting was a straightforward process. At least, that's the impression I get from some of you.