Transition Oil Royalty Calculator

This calculator was developed to assist industry with the Transitional Royalty Rate calculations. Disclaimer

Press TAB to move through the entry fields. Clear this form for a new well entry.

1. Enter Par Price Required $
2. Enter Well Quantity Required (no commas) m3
3. Crown % Required %
4. Enter Well ID (Optional - for printing purposes)
5. Enter Well Event Density (Optional - for printing purposes)  
     

Part 1 - Royalty Price Component (rp)
a. Par Price ≤ $250   $
  ((Par Price - $210.00) * 0.00035) * 100 rp = %
b. Par Price > $250 but ≤ $350   $
  (((Par Price - $250.00) * 0.0001) + 0.0140) * 100 rp = %
c. Par Price > $350   $
  (((Par Price - $350.00) * 0.00005) + 0.0240) * 100 rp = %
Part 2 - Royalty Quantity Component (rq)
a. Quantity ≤ 30.4 m3   m3
  ((Quantity - 30.4 m3 ) * 0.0013) * 100 rq = %
b. Quantity > 30.4 m3 but ≤ 152.0 m3   m3
  ((Quantity - 30.4 m3 ) * 0.0013) * 100 rq = %
c. Quantity > 152.0 m3 but ≤ 273.6 m3    m3
  (((Quantity - 152.0 m3 ) * 0.0008) + 0.1581) * 100 rq = %
d. Quantity > 273.6 m3   m3
  (((Quantity - 273.6 m3 ) * 0.0002) + 0.2554) * 100 rq = %
Part 3 - Royalty Rate ( rp + rq)
  Price Component (rp)  Max 35%   %
+ Quantity Component (rq) Max 35%   %
= Royalty Rate    Min 0% & Max 50%   %
Part 4 - Royalty Payable
  Quantity   m3
x  Royalty Rate   %
=   Subtotal   m3
x  Crown   %
=    Royalty Payable   m3
  Rounded to one decimal   m3
Last reviewed/revised: 2011-11-04