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M-13.1, r. 1 - Regulation respecting petroleum, natural gas and underground reservoirs
Section 113
Disposition versions
113. To set the annual rental of a lease to operate an underground reservoir, the Minister takes into account the estimated volume of hydrocarbon that will be withdrawn in the year. The annual rental is adjusted at the end of the year on the basis of the actual volume withdrawn and,
(1) where the volume of hydrocarbon withdrawn is 50 million cubic metres or less, the rental is $260 per million cubic metres;
(2) where the volume of hydrocarbon withdrawn is greater than 50 million cubic metres but less than 100 million cubic metres, the rental is $260 for the first 50 million cubic metres and $519 per million of cubic metres for the remainder;
(3) where the volume of hydrocarbon withdrawn is greater than 100 million cubic metres but less than 250 million cubic metres, the rental is $260 per million cubic metres for the first 50 million cubic metres, $519 per million cubic metres on volumes between 50 and 100 million cubic metres and $778 per million cubic metres for the remainder;
(4) where the volume of hydrocarbon withdrawn is greater than 250 million cubic metres, the rental is $260 per million cubic metres for the first 50 million cubic metres, $519 per million cubic metres for volumes between 50 and 100 million cubic metres, $778 per million cubic metres cubic for volumes between 100 and 250 million cubic metres and $1,038 per million cubic metres for the remainder.
However, the rental may not be less than $10,157 each year of the lease.
113. To set the annual rental of a lease to operate an underground reservoir, the Minister takes into account the estimated volume of hydrocarbon that will be withdrawn in the year. The annual rental is adjusted at the end of the year on the basis of the actual volume withdrawn and,
(1) where the volume of hydrocarbon withdrawn is 50 million cubic metres or less, the rental is $258 per million cubic metres;
(2) where the volume of hydrocarbon withdrawn is greater than 50 million cubic metres but less than 100 million cubic metres, the rental is $258 for the first 50 million cubic metres and $515 per million of cubic metres for the remainder;
(3) where the volume of hydrocarbon withdrawn is greater than 100 million cubic metres but less than 250 million cubic metres, the rental is $258 per million cubic metres for the first 50 million cubic metres, $515 per million cubic metres on volumes between 50 and 100 million cubic metres and $772 per million cubic metres for the remainder;
(4) where the volume of hydrocarbon withdrawn is greater than 250 million cubic metres, the rental is $258 per million cubic metres for the first 50 million cubic metres, $515 per million cubic metres for volumes between 50 and 100 million cubic metres, $772 per million cubic metres cubic for volumes between 100 and 250 million cubic metres and $1,030 per million cubic metres for the remainder.
However, the rental may not be less than $10,074 each year of the lease.
113. To set the annual rental of a lease to operate an underground reservoir, the Minister takes into account the estimated volume of hydrocarbon that will be withdrawn in the year. The annual rental is adjusted at the end of the year on the basis of the actual volume withdrawn and,
(1) where the volume of hydrocarbon withdrawn is 50 million cubic metres or less, the rental is $256 per million cubic metres;
(2) where the volume of hydrocarbon withdrawn is greater than 50 million cubic metres but less than 100 million cubic metres, the rental is $256 for the first 50 million cubic metres and $511 per million of cubic metres for the remainder;
(3) where the volume of hydrocarbon withdrawn is greater than 100 million cubic metres but less than 250 million cubic metres, the rental is $256 per million cubic metres for the first 50 million cubic metres, $511 per million cubic metres on volumes between 50 and 100 million cubic metres and $766 per million cubic metres for the remainder;
(4) where the volume of hydrocarbon withdrawn is greater than 250 million cubic metres, the rental is $256 per million cubic metres for the first 50 million cubic metres, $511 per million cubic metres for volumes between 50 and 100 million cubic metres, $766 per million cubic metres cubic for volumes between 100 and 250 million cubic metres and $1,022 per million cubic metres for the remainder.
However, the rental may not be less than $10,000 each year of the lease.
113. To set the annual rental of a lease to operate an underground reservoir, the Minister takes into account the estimated volume of hydrocarbon that will be withdrawn in the year. The annual rental is adjusted at the end of the year on the basis of the actual volume withdrawn and,
(1) where the volume of hydrocarbon withdrawn is 50 million cubic metres or less, the rental is $253 per million cubic metres;
(2) where the volume of hydrocarbon withdrawn is greater than 50 million cubic metres but less than 100 million cubic metres, the rental is $253 for the first 50 million cubic metres and $505 per million of cubic metres for the remainder;
(3) where the volume of hydrocarbon withdrawn is greater than 100 million cubic metres but less than 250 million cubic metres, the rental is $253 per million cubic metres for the first 50 million cubic metres, $505 per million cubic metres on volumes between 50 and 100 million cubic metres and $758 per million cubic metres for the remainder;
(4) where the volume of hydrocarbon withdrawn is greater than 250 million cubic metres, the rental is $253 per million cubic metres for the first 50 million cubic metres, $505 per million cubic metres for volumes between 50 and 100 million cubic metres, $758 per million cubic metres cubic for volumes between 100 and 250 million cubic metres and $1,011 per million cubic metres for the remainder.
However, the rental may not be less than $10,000 each year of the lease.
113. To set the annual rental of a lease to operate an underground reservoir, the Minister takes into account the estimated volume of hydrocarbon that will be withdrawn in the year. The annual rental is adjusted at the end of the year on the basis of the actual volume withdrawn and,
(1) where the volume of hydrocarbon withdrawn is 50 million cubic metres or less, the rental is $250 per million cubic metres;
(2) where the volume of hydrocarbon withdrawn is greater than 50 million cubic metres but less than 100 million cubic metres, the rental is $250 for the first 50 million cubic metres and $500 per million of cubic metres for the remainder;
(3) where the volume of hydrocarbon withdrawn is greater than 100 million cubic metres but less than 250 million cubic metres, the rental is $250 per million cubic metres for the first 50 million cubic metres, $500 per million cubic metres on volumes between 50 and 100 million cubic metres and $750 per million cubic metres for the remainder;
(4) where the volume of hydrocarbon withdrawn is greater than 250 million cubic metres, the rental is $250 per million cubic metres for the first 50 million cubic metres, $500 per million cubic metres for volumes between 50 and 100 million cubic metres, $750 per million cubic metres cubic for volumes between 100 and 250 million cubic metres and $1,000 per million cubic metres for the remainder.
However, the rental may not be less than $10,000 each year of the lease.
