Tag: royalties
Despite rebounding oil royalties, balanced budget out of reach for Alberta – Conference Board
Containing health spending (48% of provincial expenditures) key to Alberta achieving deficit-reduction target A slow rebound in royalties and corporate tax revenues will help shrink Alberta’s deficit over the coming years, according to the Conference Board of Canada. But the process will be slow and the deficit is expected to remain around $6.8 billion by […]
New royalty rule could stifle production, create uncertainty – industry
O&G industry concerned new “default provision” permits agency to second-guess lessees’ royalty valuation yet provides no standards A change to the federal royalties from oil and natural gas produced on public lands could lead to less production and fewer tax revenues for the American government, say industry representatives. “This rule directly undercuts the goals described by the rule […]
Canada Pension Plan commits $450M to U.S. mineral, energy royalty sector
The company will focus on three key basins: the Mid-Continent Basin, Permian Basin and Denver-Julesburg Basin Canada Pension Plan Investment Board (CPPIB) announced today that its wholly owned affiliates committed US$450 million to LongPoint Minerals, LLC, a company focused on the acquisition of oil and natural gas mineral and royalty interests in the U.S. The CPPIB is […]
Connect
Connect with us on the following social media platforms.