July 11, 2024

The 2022 Canadian oil royalty rates by company.

Print  CSV  Excel  Copy  Download  
  • 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 Oil Production Forecast to 2035
Alberta Oil Production Forecast to 2040 (excl Oil Sands)
Canadian Oil Exports by Rail 2012-2023
Canadian East Coast Offshore Oil Production Forecast to 2030
Canadian Weighted Gross Revenue by Company 2022
Canadian Oil Rig Count by Province 2012-2024
Canadian Oil Rig Count by Trajectory 2012-2024
Clearwater Oil Production Forecast to 2040
Cardium Oil Production Forecast to 2040
Montney Oil Production Forecast to 2040
Alberta Central Oil Production Forecast to 2040
Alberta East Heavy Oil Production Forecast to 2040
Alberta North Oil Production Forecast to 2040
Alberta West Central Oil Production Forecast to 2040
Largest Canadian Publicly Traded Oil and NGL Producers in 2023
Western Canadian Oil and Gas Royalty Rates 2014-2023

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