Quote:
Originally Posted by Fozzie_DeBear
I think the point is to put policies in place that will provide the revenues when (and if) the economy becomes healthy again. I'd like to see progressive royalties that increase with the market price of oil. Counter cyclical.
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Royalties are tied to the price of oil.
Outside of producing under certain incentives (such as drilling shale gas) Gas and Oil royalties are based on a sliding scale that has a price and volume/rate component.
Natural gas liquds (propane, butate, etc) are on a flat rate at 40% regardless of price.
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