July 11, 2024

Alberta oil sands royalty rates for both mining and in situ operations for 2016-2022.

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  • Breaking the royalty rates down further by project type (in situ and mining) yields these observations:
  • In Situ: Royalty rates increased from 8.0% in 2016 to 18.6% in 2022. Despite year-over-year fluctuations, especially in the 2020 Covid pandemic year, royalty rates have been trending higher with the largest increases seen in 2021 and 2022.
  • Mining: Royalty rates began at a mere 1.2% in 2016 and have increased to over 26% in 2022. Like in situ projects, despite annual fluctuations, royalty rates have been trending higher and at a considerably faster rate than in situ.
  • Alberta oil sands royalty rates are low before payout than after payout. Growth of royalty rates reflect that fact that many oil sands projects reached payout.

See Also:

Total Oil Sands Production 2016-2022
Oil Sands In Situ Production by Company 2022
Oil Sands Mining Production by Company 2016-2022
Oil Sands Weighted Gross Revenue 2016-2022

References:

Alberta Oil Sands Royalty Data, 2022
Alberta Oil Sands Project Data, 2022
Alberta Energy Regulator Plants and Facilities, 2023