Alberta Petroleum Marketing Guidelines
Alberta Energy has recently enacted legislation (Petroleum Marketing Regulation) dealing with the delivery and reporting of conventional Crown oil royalty. This legislation formalizes and further clarifies the business rules related to conventional oil royalty delivery in Alberta. Also included in the Regulation are provisions for penalties aimed at improving compliance by the energy industry with respect to conventional oil royalty delivery and reporting.
A six-month shadow billing process will be implemented effective the July 2006 production period to enable battery operators to understand the process and to provide ample opportunity to correct their reporting. During this period, statements will be sent via Petrinex detailing the penalties that would have been charged subsequent to the implementation date; however an invoice will not be generated.
Alberta Petroleum Marketing Guidelines July, 2015