July 11, 2024

The 2022 Canadian oil royalty rates by company.

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  • Royalty rates represent the percentage of revenue that companies pay to the government and/or landowners for the right to extract oil.
  • Bighorn Energy has the highest royalty rate of all producers at 40.0%. Strathcona Resources (32.1%) and Suncor Energy (27.5%) round out the top 3.
  • The next 4 range from a high of 24.3% (Imperial Oil) to 22.2% (CNRL).
  • Rounding out the top 10 shows Gear Energy with a royalty rate of 19.3% down to 14.8% for Obsidian Energy.
  • All others have the lowest royalty rates ranging from 8.4% to 8.80% indicating a uniformity in lower royalty rates among these companies.
  • Royalty rates vary among companies reflecting different contractual agreements with government authorities and/or landowners for resource extraction rights.

See Also:

Canadian Weighted Gross Revenue by Company 2022
Largest Canadian Publicly Traded Oil and NGL Producers in 2023
Western Canadian Oil and Gas Royalty Rates 2024-2023

References:

Alberta Oil Sands Royalty Data, 2022
Alberta Oil sands project data, 2022
Alberta Energy Regulator Plants and Facilities, 2023