Royalty Review Panel

The Royalty Review Panel is a government-appointed group responsible for evaluating and setting the royalties paid by oil and gas companies for extracting resources from public land or offshore areas. Its goal is to ensure the payments fairly reflect the value of the resources and provide appropriate revenue to the government. The panel reviews existing royalty agreements, considers market conditions, and recommends adjustments when necessary. This process helps balance the interests of resource companies with public benefit, ensuring that Alberta’s natural resources generate fair revenue to support public programs and services.