Overview
The data provided gives an overview of the costs, revenues and royalties paid for each oil sands project in Alberta.
The information published here is royalty project data, and is only relevant to and arises from royalty calculations. The information is solely intended for the purpose of calculating royalties under the Oil Sands Royalty Regulation, 2009. Please note that this information may differ substantially from other financial information, including but not limited to, financial or accounting data reported for income tax purposes, financial statements or other reporting to stakeholders, whether at an oil sands project level or corporate level. The oil sands royalty project data is derived in accordance with the Oil Sands Royalty Regulation, 2009, the Bitumen Valuation Methodology (Ministerial) Regulation and the Oil Sands Allowed Costs (Ministerial) Regulation. The information is not comparable with other financial data and is not intended to be used for comparison purposes with any other financial data.
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Oil sands projects data sets
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Project | Project name | Operator name | Reporting year | Project revenue ($) | Diluent cost ($) | Gross revenue ($) | Cleaned crude bitumen at RCP (barrels) | Gross revenue ($/bbl) | Operating costs ($) | Capital costs ($) | Return allowance ($) | Other costs ($) | Other net proceeds ($) | Net revenue ($) | Royalty type | Royalty rate (%) | Royalty payable ($) | Payout status | Unrecovered balance/Net loss at EOP ($) | Footnote |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OSR112 | STP McKay SAGD | EVEREST CANADIAN RESOURCES CORP. | 2023 | $3,023,049 | $1,502,820 | $1,520,229 | 78,520 | $19.36 | $0 | $0 | $22,047,359 | $106,121 | $0 | $0 | GROSS | 6.98 | $106,121 | PRE | $698,692,550 | |
OSR113 | Murphy Cliffdale | BAYTEX ENERGY LTD. | 2023 | $21,680,220 | $4,145,573 | $17,534,647 | 291,240 | $60.21 | $3,070,617 | $7,849,125 | $1,986,580 | $1,304,654 | $0 | $0 | GROSS | 7.44 | $1,304,654 | PRE | $60,265,874 | |
OSR114 | Harmon Valley Project | OBSIDIAN ENERGY LTD. | 2023 | $6,797,666 | $71,471 | $6,726,194 | 131,463 | $51.16 | $4,394,996 | $313,660 | $2,093,334 | $476,667 | $71,774 | $0 | GROSS | 7.09 | $476,667 | PRE | $65,138,610 | |
OSR115 | Germain Commercial Demonstration | CANADIAN NATURAL RESOURCES LIMITED | 2023 | $0 | $0 | $0 | 0 | $0.00 | $1,094,106 | $5,375 | $0 | $0 | $201,323 | $0 | GROSS | 0.00 | $0 | PRE | $565,000,095 | |
OSR116 | Blackrod Project | IPC CANADA LTD. | 2023 | $12,687,399 | $0 | $12,687,399 | 220,322 | $57.59 | $7,547,398 | ($600,000) | $2,735,007 | $914,059 | $0 | $0 | GROSS | 7.20 | $914,059 | PRE | $83,789,570 | |
OSR117 | Jackfish 2 SAGD Thermal Project | CANADIAN NATURAL RESOURCES LIMITED | 2023 | $1,249,082,437 | $526,645,807 | $722,436,630 | 12,223,169 | $59.10 | $166,649,221 | $104,445,161 | $0 | $0 | $0 | $451,342,248 | NET | 36.59 | $165,153,079 | POST | $0 | |
OSR118 | Cliffdale | CANADIAN NATURAL RESOURCES LIMITED | 2023 | $113,991,599 | $44,280,380 | $69,711,219 | 1,151,055 | $60.56 | $27,296,251 | $22,009,203 | $0 | $0 | $881,280 | $21,287,045 | NET | 36.59 | $7,789,258 | POST | $0 | |
OSR120 | Pelican Lake Project Grand Rapids | CANADIAN NATURAL RESOURCES LIMITED | 2023 | $0 | $0 | $0 | 0 | $0.00 | $80,420 | $5,060 | $0 | $0 | $0 | $0 | GROSS | 0.00 | $0 | PRE | $148,291,090 | |
OSR121 | Fire Tower | CANADIAN NATURAL RESOURCES LIMITED | 2023 | $27,768,409 | $5,291,806 | $22,476,603 | 304,783 | $73.75 | $8,481,012 | $2,048,668 | $0 | $0 | $63,593 | $12,010,516 | NET | 36.59 | $4,394,833 | POST | $0 | |
OSR123 | MacKay River Commercial Project | PETROCHINA CANADA LTD. | 2023 | $602,806,811 | $441,985,940 | $160,820,871 | 3,570,242 | $45.04 | $135,040,330 | $16,575,991 | $114,630,818 | $11,405,569 | $0 | $0 | GROSS | 7.09 | $11,405,569 | PRE | $3,631,505,812 |
Definitions
Below are the terms used when calculating oil sands royalties. The definition of some of these terms are uniquely defined in the context of calculating oil sands royalties, and may not entirely agree with generally accepted definitions of the term
Contact
Connect with Oil Sands, Coal and Mineral Operations:
Hours: 8:15 am to 4:30 pm (open Monday to Friday, closed statutory holidays)
Email:
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Oil Sands Royalty Project Applications and Compliance
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Oil Sands Royalty Administration
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Oil Sands Royalty Information Management
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Oil Sands Tenure
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Mailing Address:
Alberta Energy and Minerals
Oil Sands, Coal and Mineral Operations
6th floor, Petroleum Plaza, North Tower
9945 108 Street
Edmonton Alberta T5K 2G6
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