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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.<\/SPAN><\/P>

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.<\/SPAN><\/P>

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<\/SPAN>,<\/SPAN>when the lease enters its 16th year of non production.<\/SPAN><\/P>

Alberta Oil Sands Tenure Guidelines: Principles & Procedures<\/SPAN><\/P>

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