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Does this New Well Royalty Reduction (NWRR)apply to Alberta Royalty Framework (ARF)and Transition programs?

April 26, 2017Alberta arf framework nwrr Programs reduction Royalty

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Does this New Well Royalty Reduction (NWRR)apply to Alberta Royalty Framework (ARF)and Transition programs?

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Yes, the NWRR applies for wells subject to payment of royalty under the Petroleum Royalty Regulation, 2009 or the Natural Gas Royalty Regulation, 2009, whether Alberta Royalty Framework or Transition rates are selected. The rules for ARF or Transition formulas still apply.