Reminder: Alberta Royalty Framework Wells Transitioning to the Modernized Royalty Framework - Effective January 1, 2027

Effective January 1, 2027, all natural gas, conventional oil, and non-project oil sands wells qualifying under the Alberta Royalty Framework will transition to the Modernized Royalty Framework. The oil forecasting tool will be updated before the January 2027 production volume submission deadline.

Refer to Information Bulletin IB 2026-02: Alberta Royalty Framework Wells Transitioning to Modernized Royalty Framework for full details: https://open.alberta.ca/publications/information-bulletin-oil