CAPPA presentation Frequently Asked Questions

Please note these are not verbatim and may be subject to paraphrasing, these questions and answers were part of the Canadian Association of Petroleum Production Accounting (CAPPA) session that was held on October 22, 2010.

APMC Penalty Review

What changes are being looked at for the APMC under and over delivery penalties?

Royalty Changes

What is the purpose of opting out or not electing Transitional Royalty?
How long will the review process take to complete for the current backlog of deep gas wells? Also, is there a deadline for when the backlog processing will be completed?

Drilling Royalty Credits

The third week was mentioned as the release time for the Drilling Royalty Credit Activity Report but this has not always happened in practice?
How is the GCA final adjustment treated for the DRC?

Gas Reference Price Review

Where would a client be able to find the new reference price?
When will the new reference price be posted?
Why was there a significant deviation for October 2009 and November 2009 when comparing the newly modeled Alberta Market Price and the current Gas Reference Price?

Other Questions

Given the success of the oil royalty calculator, will the department introduce a gas royalty calculator? Will the department ever consider providing a gas royalty calculator?