July 11, 2024

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 differ among different companies reflecting different contractual agreements with government authorities and/or landowners for resource extraction rights.

 

Source:  Alberta Oil Sands Royalty Data, 2022

Alberta Oil sands project data, 2022

Alberta Energy Regulator Plants and Facilities, 2023