How it works
Horizontal drilling
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- Category: How it Works
It might sound strange that oil and gas resources found thousands of metres below our feet could be reached by “horizontal” drilling. But the technique has become one of the most valuable technologies ever introduced in the Canadian oilpatch.
Setting royalty rates
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- Category: How it Works
- Written by Stephen Marsters
The battle between the provincial government and the petroleum sector over royalty rates finally seems to be over. After close to three years of opposition, the two sides appear to have called a truce after the release this spring of the government’s competitiveness review, which proposes more favourable royalty rates for oil and gas producers.
Land Sales
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- Category: How it Works
- Written by Richard Macedo
The Alberta government has collected billions off its public land sales process, which gives producers the right to drill for valuable oil and gas resources.
In 2009, despite being hit hard by a recession, the province still generated over $741 million in sales, which goes to general revenue, after averaging well over $1 billion during the past six years.
