Royalties or freehold production taxes apply when you produce, process, transport, store, purchase or sell oil or natural gas in B.C.
Long-term royalty agreements (LTRA) specify the royalty rate a producer owes the Province and the minimum amount of production that must occur each year.
The North Montney Joint Venture Agreement is the first LTRA signed in British Columbia.
Signed version of long-term agreement (PDF)
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