Basic Oil Calculator (effective Jan 1 1993 - Dec 31 2008)
Before using this calculator please read the Department of Energy:
The Crown receives a portion of the oil production from the companies who extract and market the resource. These revenues help to keep Alberta's overall taxes low, and are critical to the delivery of public programs, such as health and education. This Basic Conventional Oil Royalty Calculator is a tool to help you understand how basic conventional oil royalties are calculated and can assist you to calculate at a well level, the royalty payable to the Crown.
Basic Conventional Oil Royalties are based on the price of oil (R-Multiplier) times the amount of production (S) times the Crown's interest in the well (C).
Royalty payable = Price X Production x Crown Interest
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