Alberta Royalty Framework Oil Calculator (effective Jan 1 2009 - Dec 31 2010)

This Calculator was developed to assist industry with the New Royalty Framework formula changes.
Please note if you have previously used this calculator, code stored in your cache may return inconsistent results, to prevent this please clear your cache in return visits. 
If you have not used this calculator before you will not need to take this step. Future development will move this application to our server side to eliminate this issue.
Disclaimer

Press Tab to move through the entry fields. Clear this form for a new well entry.

1. Enter Par Price Required $
2. Enter Well Quantity Required (no commas) m3
3. Crown % Required %
4. Enter Well ID (Optional - for printing purposes)
5. Enter Well Event Density (Optional - for printing purposes)  
     

Part 1 - Royalty Price Component (rp)
a. Par Price ≤ $250   $
  ((Par Price - $190.00) * 0.0006) * 100 rp = %
b. Par Price > $250 but ≤ $400   $
  (((Par Price - $250.00) * 0.0010) + 0.0360) * 100 rp = %
c. Par Price > $400   $
  (((Par Price - $400.00) * 0.0005) + 0.1860) * 100 rp = %
Part 2 - Royalty Quantity Component (rq)
a. Quantity ≤ 106.4 m3   m3
  ((Quantity - 106.4 m3 ) * 0.0026) * 100 rq = %
b. Quantity > 106.4 m3 but ≤ 197.6 m3   m3
  ((Quantity - 106.4 m3 ) * 0.0010) * 100 rq = %
c. Quantity > 197.6 m3 but ≤ 304.0 m3    m3
  (((Quantity - 197.6 m3 ) * 0.0007) + 0.0912) * 100 rq = %
d. Quantity > 304.0 m3   m3
  (((Quantity - 304.0 m3 ) * 0.0003) + 0.1657) * 100 rq = %
Part 3 - Royalty Rate ( rp + rq)
  Price Component (rp)  Max 35%   %
+ Quantity Component (rq) Max 30%   %
= Royalty Rate    Min 0% & Max 50%   %
Part 4 - Royalty Payable
  Quantity   m3
Royalty Rate   %
 Subtotal   m3
Crown   %
=    Royalty Payable   m3
  Rounded to one decimal   m3