Shallow Rights Reversion
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Transcript of Shallow Rights Reversion
Shallow Rights Reversion
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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
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Examples of Shallow Rights ReversionSection 15
A A A
B
C
DD
Shallow and deeper rights severance
Shallow and deeper rights severance (MULTIPLE ZONES)
Shallow and deeper rights severance (SINGLE ZONE)
Legend
Rights continued
Rights severed
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Shallow Rights Reversion ExamplesSection 17 shallow and Section 15 deep
PotentialViking zone
ProvenBelloy zone
Section 17 from surface to the base of the Viking zone
Section 15 in the Belloy zone
Rights are severed from agreement
Legend
Rights continued
Rights severed
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Shallow Rights Reversion Examples Section 15 shallow and Section 17 deep
PotentialBelloy zone
ProvenViking zone
Section 17 from surface to the top of the Viking zone
Section 15 in the Viking zone
Section 17 below the base of the Viking zone to the base of the Belloy zone
Rights are severed from agreement
Legend
Rights continued
Rights severed
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Shallow Rights Reversion Examples Sections 15/15/17
ProvenViking zone
PotentialBelloy zone
ProvenNordegg zone
Section 17 from surface to the top of the Viking zone
Section 15 from the top of the Viking zone to the base of the Nordegg zone
Section 17 from below the base of the Nordegg zone to the base of the Belloy zone
Rights are severed from agreement
Legend
Rights continued
Rights severed
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Shallow Rights Reversion Examples Sections 17/15/17
PotentialViking zone
ProvenNordegg zone
PotentialBelloy zone
Section 17 from surface to the top of the Nordegg zone
Section 15 in the Nordegg zone
Section 17 from below the base of the Nordegg zone to the base of the Belloy zone
Rights are severed from agreement
Legend
Rights continued
Rights severed
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