|
||
   Did You Know? In 2010, oil and gas sales totaled $10.8 billion. The industry is the largest contributor to the provincial economy. Crown Royalty and Freehold Production Tax Programs and Payments Drilling IncentivesNewly drilled oil wells in Saskatchewan qualify for "volume based" drilling incentives ranging from 0 to 16,000 cubic metres. Qualifying incentive volumes are subject to a maximum royalty rate of 2.5% for Crown production and a maximum production tax rate of 0% for freehold production. Refer to Information Circulars PR-IC03 (vertical wells) and PR-IC05 (horizontal wells) for further information. Newly drilled exploratory gas wells in Saskatchewan qualify for a 25,000,000 cubic metre "volume based" drilling incentive. The qualifying incentive volume is subject to a maximum royalty rate of 2.5% for Crown production and a maximum production tax rate of 0% for freehold production. Refer to Information Circular PR-IC04 for further information. |
||
.jpg)