New incentives program designed to reward efficient drillers
Alberta’s provincial government has decided to leave royalty rates largely unchanged after the leadership ran on a platform that promised to change rates to ensure the province was receiving its fair share. Alberta Premier Rachel Notley said that if the review found the timing was wrong to raise royalty rates, her party would listen, but many in the oil and gas industry feared that royalty rates were set to rise.

With low oil prices putting pressure on margins, Notley conceded th...


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