Open AccessAn Overview of Alberta's Recent Legislation on Natural Gas Royalty Simplification and Gas Storage
Author(s) -
Glen W. Acorn,
Michael W. Ekelund
Publication year - 1995
Publication title -
alberta law review
Language(s) - English
Resource type - Journals
eISSN - 1925-8356
pISSN - 0002-4821
DOI - 10.29173/alr665
Subject(s) - legislation , revenue , government (linguistics) , natural gas , insider , government revenue , energy law , business , gas industry , natural resource economics , economics , finance , law , political science , engineering , environmental law , waste management , linguistics , philosophy
The gas industry is a primary source of revenue for the Alberta government. However, calculating and collecting revenues was creating significant difficulties for the Department of Energy and the industry. The authors take a detailed insider's look at Alberta's new royalty regulation — the pressures that led to its development, the time constraints that helped shape it and the problems it is designed to solve. An insightful analysis of how related legislation settles ownership of storage rights in underground formations concludes the article.