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The Alberta Regional Boundaries divide Alberta into the Plains Region, Northern Region, and Foothills Region, for administration of Petroleum and Natural Gas Licences. A petroleum and natural gas licence is issued for an initial term of two years if it is located in the Plains Region, four years in the Northern Region, and five years in the Foothills Region. |
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The Alberta Regional Boundaries divide Alberta into the Plains Region, Northern Region, and Foothills Region, for administration of Petroleum and Natural Gas Licences. A petroleum and natural gas licence is issued for an initial term of two years if it is located in the Plains Region, four years in the Northern Region, and five years in the Foothills Region. |
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Alberta Energy, Government of Alberta |
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<DIV STYLE="text-align:Left;"><DIV><DIV><P><SPAN>The Alberta tenure system facilitates the leasing of rights that enable companies to explore for and develop petroleum and natural gas from Alberta's resources, for the benefit of Albertans. Public offerings (or sales) of petroleum and natural gas rights are held and results are reported approximately every two weeks, the contents of the sale are determined by industry client requests. After each sale, Crown petroleum and natural gas rights are issued in the form of licences or leases to the highest bidder on each parcel.</SPAN></P><P><SPAN>A petroleum and natural gas licence has an initial term of 2, 4, or 5 years, depending on the region of the province in which the agreement falls. Rights in an initial term licence are validated by drilling a well on the licence or by using sections earned by validating wells on licences that meet established criteria. The area and sections earned depends on depth drilled and geological zones evaluated. Once validated, rights are continued into a 5 year intermediate term.</SPAN></P><P><A href="https://www.alberta.ca/tenure-overview.aspx"><SPAN>https://www.alberta.ca/tenure-overview.aspx</SPAN></A></P></DIV></DIV></DIV> |
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<DIV STYLE="text-align:Left;"><DIV><DIV><P><SPAN>Acknowledgement of the Department of Energy for the Province of Alberta as the originator/source of this information is required as described in the Open Government License - Alberta at: http</SPAN><SPAN>s</SPAN><SPAN>://open.alberta.ca/licence.</SPAN></P></DIV></DIV></DIV> |
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Plains, Northern, Foothills Boundary |
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["Foothills","Alberta Regional Boundaries","Northern","Plains","boundaries","economy","Alberta"] |
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en-US |
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150000000 |
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