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2020-21 Final Results Year-End Report 5 estimate. Natural gas prices were one positive: the Alberta Reference Price (ARP) averaged Cdn$2.10 per gigajoule, 71 cents above 2019-20 and 44 cents above budget, boosted by higher North American exports and domestic demand, and flat supply. • Bitumen royalties were $2 billion,
- 2021-22 Final Results - Year-end Report - Alberta
Fiscal Plan Highlights. The Alberta government 2021-22 final...
- 2021-22 Final Results - Year-end Report - Alberta
The Alberta Natural Gas Reference Price is a representative market price for natural gas bought and sold within the province, calculated using a simplified netback model. The Natural Gas Reference Price is a critical input into the valuation of the Crown's royalty volume.
Fiscal Plan Highlights. The Alberta government 2021-22 final results was a $3.9 billion surplus, a large improvement of $22.2 billion from budget, and $20.9 billion from 2020-21. Budget 2021 was developed in the midst of the COVID-19 global pandemic, which afected economic activity and energy prices, and complicated forecasting.
- Department of Energy
- Alberta Energy Regulator
- Alberta Utilities Commission
- Alberta Petroleum Marketing Commission
- Canadian Energy Centre
- Non-Renewable Resource Revenue
- Non-Renewable Resource Revenue Generated
- Factors Impacting Non-Renewable Resource Revenue
- Commodity Prices and Trendsi
- Natural Gas Prices
- Upstream versus Downstream – What is the difference?
- Royalty programs exist for a number of reasons, such as:
- Outcome One
- What it means:
- Key Objective 1.2
- What is the difference between Blue and Green Hydrogen?
- Did you know...
- Solid fundamentals for developing minerals in Alberta
- Outcome Two
- What it means:
- Key objectives to support the achievement of this outcome include:
- What is the Orphan Well Association?
- Well Status Definitions
- Methodology
- Methodology
- Methodology
- Methodology
- Methodology
- Source
- Revenues
- Expenses – Directly Incurred Detailed by Object (Unaudited)
Acts as the steward of Alberta’s energy and mineral resources on behalf of all Albertans. Develops and administers policies and programs to guide the management and development of Alberta’s non-renewable resources, including conventional and unconventional oil and gas; oil sands; coal; metallic and industrial minerals; and petrochemicals. Ensures t...
Independently makes regulatory decisions regarding upstream petroleum, natural gas, bitumen and coal development in accordance with applicable legislation and regulations and within the framework of Alberta’s overall energy policy. Responds to changes in the energy industry while providing regulatory certainty for investors and the public, includin...
Regulates investor-owned electric, natural gas and water utilities, and certain municipally-owned electricity utilities to ensure customers receive safe and reliable utility service at just and reasonable rates. Independently makes decisions on the need, siting, construction, alteration, operation and decommissioning of natural gas and certain elec...
Markets the Crown’s conventional crude oil royalty barrels received in lieu of cash royalties. Determines prices used in the valuation of the Crown’s royalty share of natural gas, natural gas liquids, and sulphur. Assists with the development of new energy markets and transportation infrastructure. Responsible for the stewardship of the Sturgeon Re...
Promotes Canada as the supplier of choice for the world’s growing demand for responsibly produced energy. Responds to misinformation about Canadian oil and natural gas. Creates content to improve the general understanding of Canada’s energy sector. Centralizes and analyses data that targets investors, researchers and policy makers.
Energy development in Alberta provides investment, jobs, business opportunities, taxes and royalty revenues that fund important government programs for the province. Energy development also drives activity in a number of other industries, including construction and manufacturing, which benefits communities across Alberta and Canada.
The department is responsible for collecting non-renewable resource revenue on behalf of Albertans. Royalties are payments to Albertans for Crown-owned resources that are produced and sold. Albertans, as owners, collect value from our resources through royalties, bonuses and lease rentals. The price received and the costs involved in producing and ...
Non-renewable resource revenue is impacted by multiple factors. The most influential factor afecting non-renewable resource revenue is commodity prices and also includes global economic conditions, economic growth, demand trends and supply levels. Other factors such as capital and operating costs, the U.S. - Canadian dollar exchange rate and produc...
Sources: Government of Alberta; U.S. Energy Information Administration
The Alberta Natural Gas Reference Price (ARP) is used in natural gas royalty formulas for natural gas royalty revenue calculation.
The terms upstream and downstream refer to activities at diferent points of the energy sector supply chain. Upstream operations include exploration and extraction of naturally occurring minerals such as crude petroleum, natural gas and coal. The production of conventional oil and gas, and the mining and extraction of oil from oil sands are included...
to provide appropriate royalty structure to attract investment in Alberta’s energy sector in specific situations where the overall regime needs adjustment to achieve strategic investments; to encourage the development, use and commercialization of innovative technologies to produce resources; and to achieve certain strategic policy objectives such ...
Albertans benefit economically from investment in responsible energy and mineral development and access to global markets.
The ministry develops and manages policies and programs related to the province’s royalty system to attract industry investment, provide jobs, business opportunities, tax revenue, and numerous other benefits to the provincial economy. It advocates for increased pipeline access to global markets to strengthen both provincial and national economies, ...
Create an investment climate that supports the development of energy resources in the province, by: reducing red tape and cumbersome regulatory processes. advocating for natural gas and liquefied natural gas to expand market opportunities, and implementing initiatives that support natural gas value chains, defending Alberta’s energy industry throug...
Alberta has distinct advantages in producing hydrogen from natural gas with carbon capture, utilization and storage. This production pathway is called blue hydrogen, while green hydrogen is produced through non-fossil fuel sources. Alberta’s hydrogen roadmap will focus on the carbon intensity of hydrogen instead of colour pathways, which aligns wi...
Unlike in other sectors, demand for petrochemical products has not slowed down in the face of the COVID-19 pandemic – in fact, the need for petrochemical products has never been greater. The pandemic has demonstrated the critical importance of the sector in ensuring there is a suficient supply of plastic masks, gloves, medical equipment and shieldi...
Home to a well-established oil and gas and mining sector, Alberta already has a skilled workforce with experience in resource development, a well-defined and stringent regulatory system, and the necessary infrastructure in place to support an expanded and growing minerals sector. Companies in Alberta are already working to develop innovative proces...
Efective, eficient stewardship and regulation of Alberta’s energy and mineral resources
The ministry will improve the clarity and eficiency of Alberta’s energy regulatory system, while modernizing legislation and regulations to restore the competitiveness of the Alberta energy sector, win back the confidence of investors and create jobs. A strategic and integrated system approach to responsible resource development balances the overal...
2.1 Collaborate with other ministries to establish a balanced and sustainable approach to manage the cumulative efects of resource development, including liability management and regional planning 2.2 Optimize regulation and oversight: through the Alberta Energy Regulator to ensure the eficient, efective, and environmentally responsible developme...
The Orphan Well Association is an independent, non-profit organization that operates under the delegated legal authority of the Alberta Energy Regulator through the Orphan Fund Delegated Administration Regulation. The OWA’s mandate is to manage the abandonment and closure of orphan sites – sites that do not have a solvent and responsible owner – to...
Orphan: A well or facility confirmed not to have anyone responsible or able to deal with its closure and reclamation. Inactive: A well or associated facility where activities have stopped due to technical or economic reasons. Not all sites in this category are orphaned. Many may be reopened and produce again at a later date. Abandoned: A site that ...
This measure is calculated as the annual ratio of the total number of barrels of Alberta oil sands production over the total number of barrels of world oil consumption: (Annual Barrels of Alberta Oil Sands Production)/(Barrels of World Oil Consumption) The total for annual barrels of Alberta oil sands production is the sum of total mined and in-sit...
Alberta’s crude oil and equivalent annual production The crude oil and equivalent annual production portion of the indicator consists of three components: Volume (thousands of barrels/day); As a percentage of Canadian production; Total percentage of crude oil leaving Alberta. The indicator reports the volume of Alberta’s annual crude oil and equiva...
Upstream: Mining, Quarrying, and Oil and Gas industry investment in Alberta The upstream portion of the indicator consists of the following components: $ Billions Alberta as a Percentage of Canadian investment This portion of the indicator reports investment in Alberta’s Mining, Quarrying, and Oil and Gas Extraction sector. It also puts Alberta in ...
Expenses The following – Directly information Incurred presents expenses Detailed of the by ministry Object that were (unaudited) directly incurred by object. The objective of disclosure of expenses by object is to provide information that is useful in evaluating the economic impact of government acquiring or consuming various types of resources.
Expenses The following – Directly information Incurred presents expenses Detailed of the by ministry Object that were (unaudited) directly incurred by object. The objective of disclosure of expenses by object is to provide information that is useful in evaluating the economic impact of government acquiring or consuming various types of resources.
Expenses The following – Directly information Incurred presents expenses Detailed of the by ministry Object that were (unaudited) directly incurred by object. The objective of disclosure of expenses by object is to provide information that is useful in evaluating the economic impact of government acquiring or consuming various types of resources.
Expenses The following – Directly information Incurred presents expenses Detailed of the by ministry Object that were (unaudited) directly incurred by object. The objective of disclosure of expenses by object is to provide information that is useful in evaluating the economic impact of government acquiring or consuming various types of resources.
Expenses The following – Directly information Incurred presents expenses Detailed of the by ministry Object that were (unaudited) directly incurred by object. The objective of disclosure of expenses by object is to provide information that is useful in evaluating the economic impact of government acquiring or consuming various types of resources.
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AECO-C: The AECO-C price, the benchmark for Western Canadian natural gas, decreased 46% from 2022 to an average of Cdn$2.74 per gigajoule (GJ) in 2023. The price decrease was primarily attributed to lower domestic residential and commercial demand and the growth in the natural gas supply.
Jun 19, 2024 · Price of natural gas per gigajoule in Canadian dollars. On this page: Alberta API.
People also ask
What is the Alberta natural gas reference price?
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The following charts illustrate the daily and monthly index prices of natural gas for the current and prior month. Alberta Natural Gas Prices - Current Month Actual prices are based on a volume weighted average of transacted prices for all physically delivered natural gas at the Alberta AB-NIT market center.
