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<idAbs>&lt;DIV STYLE="text-align:Left;"&gt;&lt;DIV&gt;&lt;DIV&gt;&lt;P&gt;&lt;SPAN&gt;Oil Sands Areas help facilitate orderly leasing and stable regulation for oil sands development. Oil Sands leases give the holder the right to explore Oil Sands.&lt;/SPAN&gt;&lt;/P&gt;&lt;P&gt;&lt;SPAN&gt;Non-producing continued leases are subject to the payment of escalating rent. Operators that choose to keep non-producing continued leases may hold these leases indefinitely, subject to the payment of escalating rent and to compliance with notices served under Part 3 of the Oil Sands Tenure Regulation, 2020.&lt;/SPAN&gt;&lt;/P&gt;&lt;P&gt;&lt;SPAN&gt;The escalating rent for Area A begins at $3 per hectare and doubles every three years until a cap of $96 per hectare is reached, when the lease enters its 16th year of non-production. The escalating rent for Area B begins at $7 per hectare and doubles every three years until a cap of $224 per hectare is reached&lt;/SPAN&gt;&lt;SPAN&gt;,&lt;/SPAN&gt;&lt;SPAN&gt;when the lease enters its 16th year of non production.&lt;/SPAN&gt;&lt;/P&gt;&lt;P&gt;&lt;SPAN&gt;Alberta Oil Sands Tenure Guidelines: Principles &amp;amp; Procedures&lt;/SPAN&gt;&lt;/P&gt;&lt;P&gt;&lt;SPAN&gt;https://www.alberta.ca/oil-sands-tenure-guidelines.aspx&lt;/SPAN&gt;&lt;/P&gt;&lt;/DIV&gt;&lt;/DIV&gt;&lt;/DIV&gt;</idAbs>
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