Royalties

Companies recovering hydrocarbons from Alberta Crown Rights must pay royalties to the Province. The resource is owned by the people of Alberta so Albertans must receive fair compensation.

Royalties are determined by either the Non-Project Well License Royalty Regime (production-based royalty) or, if royalty approvals have been completed, under the Oil Sands Royalty Regime (share of profit royalty).

Bitumen may also be substituted for cash royalty payments under the Bitumen Royalty-in-Kind (BRIK) program.