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The royalty tax is an indirect tax, and has been historically the most important mineral tax. [1] When the production starts, the tax is due. That generates up-front revenues for the government. A different approach of the royalty tax is, to impose it as a factor payment for extraction of minerals. [4]
RSPP – a publicly-traded oil and gas producer focused on horizontal drilling of multiple stacked pay zones in the oil-rich Permian basin [citation needed] [clarification needed] RSS – rig site survey; RSS – rotary steerable systems; RST – reservoir saturation tool (Schlumberger) log; RTMS – riser tension monitoring system
This is a list of free and open-source software for geological data handling and interpretation. The list is split into broad categories, depending on the intended use of the software and its scope of functionality. Notice that 'free and open-source' requires that the source code is available and users are given a free software license.
Petrel is a software platform by Schlumberger Information Solutions used in the exploration and production sector of the petroleum industry. It is a cloud-based platform designed to develop collaborative workflows to increase oil and gas performance.
This is a list of countries by net oil exports in barrels per day based on The World Factbook [1] and other sources. [2] "Net export" refers to the export minus the import. Net export" refers to the export minus the import.
Three different oil and gas royalty trusts IPO'd in 2011, much to the joy of dividend-appreciating investors. In a business that is incredibly capital intensive, energy companies have begun to ...
The state can agree with the licensees to take it in kind or in cash. This arrangement applies to both crude oil and to natural gas, both in concessionary and contractual license systems. Production shares. The body of a production sharing contract layouts the production share between the contractor(s) and the state or its state-owned oil ...
Instead of getting the expected $2 billion per year increase, Alberta saw a $3 billion per year decrease. The decrease was composed of a $5 billion per year decrease in gas royalty partially offset by increases in oil royalty and oil sands royalty. [5] The total value of hydrocarbon production was about the same during each five-year period. [5]