Net Profit Royalty Program
No fixed amount
Royalty
Description:
The net profit royalty program (NPRP) promotes the development of high risk oil and natural gas resources that are otherwise unlikely to be developed.
This program allows producers to pay lower royalty rates in the initial stages of a project in exchange for higher royalty rates once the producers have recovered their capital costs.
Comments on Funding:
Pre-payout tier — 2% of gross revenue
Tier 1: Greater of 5% of gross revenue and 15% of net revenue
Tier 2: Greater of 5% of gross revenue and 20% of net revenue
Tier 3: Greater of 5% of gross revenue and 35% of net revenue
Applications are closed. Stay tuned for future intake announcements.
Eligibility:
Applicants must be producers
Application Steps:
Applicants must contact: Pricing
Toll Free: 778-698-7100
Email: PData.PData@gov.bc.ca
Tenure
Phone: 250-952-0333
Email: PNGTitles@gov.bc.ca
Infrastructure
Phone: 778-698-7100
Email: MNGDInfrastructure@gov.bc.ca
Documentation Needed:
Applicants must submit:
1. Project application
2. Net Profit Historical Allowable Costs (BC-50)
3. Net Profit Monthly Allowable Capital and Operating Costs (BC-51)
44. Other revenue documents
Other Things to Note:
About the author
Maurice
