Shallow rights reversion
This presentation is the property of its rightful owner.
Sponsored Links
1 / 7

Shallow Rights Reversion PowerPoint PPT Presentation


  • 49 Views
  • Uploaded on
  • Presentation posted in: General

Shallow Rights Reversion. 1. Shallow Rights Reversion (SRR). Agreements purchased after January 1, 2009 are subject to SRR at the time of continuation, which occurs at the expiry of a primary term lease or intermediate term licence Section 16 and Section 17 continuations are not subject to SRR

Download Presentation

Shallow Rights Reversion

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Shallow rights reversion

Shallow Rights Reversion

1


Shallow rights reversion srr

Shallow Rights Reversion (SRR)

  • Agreements purchased after January 1, 2009 are subject to SRR at the time of continuation, which occurs at the expiry of a primary term lease or intermediate term licence

  • Section 16 and Section 17 continuations are not subject to SRR

  • Initial term licences are not subject to SRR

  • In conjunction with deeper rights reversion, both the shallow and deep non-productive rights will be severed from agreements

  • An indefinite hold was placed on serving SRR notices for P&NG agreements issued prior to January 1, 2009

    See Information Letter 2013-13

2


Examples of shallow rights reversion section 15

Examples of Shallow Rights ReversionSection 15

Shallow and deeper rights severance (MULTIPLE ZONES)

Shallow and deeper rights severance

Shallow and deeper rights severance (SINGLE ZONE)

A

A

A

B

C

Legend

Rights continued

Rights severed

D

D

3


Shallow rights reversion examples section 17 shallow and section 15 deep

Shallow Rights Reversion ExamplesSection 17 shallow and Section 15 deep

Section 17 from surface to the base of the Viking zone

Potential

Viking zone

Rights are severed from agreement

Proven

Belloy zone

Legend

Rights continued

Rights severed

Section 15 in the Belloy zone

4


Shallow rights reversion examples section 15 shallow and section 17 deep

Shallow Rights Reversion Examples Section 15 shallow and Section 17 deep

Section 17 from surface to the top of the Viking zone

Proven

Viking zone

Section 15 in the Viking zone

Section 17 below the base of the Viking zone to the base of the Belloy zone

Potential

Belloy zone

Legend

Rights continued

Rights severed

Rights are severed from agreement

5


Shallow rights reversion examples sections 15 15 17

Shallow Rights Reversion Examples Sections 15/15/17

Section 17 from surface to the top of the Viking zone

Proven

Viking zone

Section 15 from the top of the Viking zone to the base of the Nordegg zone

Proven

Nordegg zone

Section 17 from below the base of the Nordegg zone to the base of the Belloy zone

Potential

Belloy zone

Legend

Rights continued

Rights severed

Rights are severed from agreement

6


Shallow rights reversion examples sections 17 15 17

Shallow Rights Reversion Examples Sections 17/15/17

Section 17 from surface to the top of the Nordegg zone

Potential

Viking zone

Section 15 in the Nordegg zone

Proven

Nordegg zone

Section 17 from below the base of the Nordegg zone to the base of the Belloy zone

Potential

Belloy zone

Legend

Rights continued

Rights severed

Rights are severed from agreement

7


  • Login