Oil prices are set in an open and competitive market and are influenced by many variables throughout North America and the world. These variables include supply and demand, production and exploration levels, global weather patterns, pricing and availability of competing energy sources and market participants’ views of future trends in any of these or other variables.

Crude Bitumen Prices

Supply and Disposition information may be found on the ERCB's  website ST-3 reports.

ERCB also provides Oil Prices; which is obtained from selected oil producers that submit statements to the ERCB.
This information is also provided on the ERCB ST-3 reports. [ crude bitumen is found under the 'oil' section ]

Various prices, factors, and "R" multipliers for oil which are necessary to determine the royalty volume payable to the Crown are published in the department's Information Letters.

The heavy oil royalty factor can be found on the Information Letters named:
"Petroleum Royalty Regulation, A.R. 248/90, as Amended Prices and Factors"

The last section of these letters provide a table called:

CRUDE OIL ROYALTY CALCULATION DATA TABLE - Heavy

Click HERE for a listing of those letters.