Ultra-marginal Well Royalty Reduction
No fixed amount
Royalty
Description:
Well events must produce for 12 months before they qualify for this reduction. After the 12-month qualification period, the royalty on a qualifying well event for the previous 12 months will be recalculated.
Comments on Funding:
If the well event qualifies for the reduction, a lower royalty rate is automatically used to calculate your royalties when the average daily rate of production in a calendar month is less than 60,000 cubic metres.
Continous intake
Eligibility:
Applicants must have Shallow gas well events that meet stringent low productivity and depth requirements. This program is only available to wells spudded before September 1, 2022.
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:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
