What's New
Oil and Gas Royalty and Freehold Production Tax

To Receive Updates

Each time we change the information on our website, we record that change on this page. This lets you see at a glance what changes have been made.

You will need Acrobat Reader installed on your computer to view some of these files, which are in PDF. Acrobat Reader is available as a free download for use on your personal or office computer.

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Nov 05, 2015

Information Letter 2015-05, Gas Cost Allowance Reporting Procedures, explains that operators of producer-owned gas plants who have one or more producer-owned sales lines are required to submit separate BC-23, Gas Cost Allowance applications: one for the producer-owned gas plant and one for the producer-owned sales lines.


Sep 24, 2015

Information Letter 2015-04, Reporting Prorated Condensate on the BC-S1 Monthly Production Statement, provides specific information for operators on the new requirement to report prorated condensate production volumes each month on the BC-S1. This requirement is effective the January 2016 production month.

Sep 03, 2015

Information Letter 2015-03, BC-30 Oil Purchases Summary, and Form 20, Monthly Crude Oil and Condensate/Pentanes Plus Purchasers’ Statement, explains that, effective immediately, you are no longer required to submit the BC-30 and Form 20 to verify production and royalties.


July 23, 2015

Bulletin GEN 002, Appeals, has been revised to remove reference to the Residential Energy Credit and Rebate Program and Hotel Room Tax.


June 5 2015

The Liquefied Natural Gas Income Tax (LNGIT) regulations are now available.

The LNGIT regulation provides information on computing the cost of natural gas notionally acquired at an LNG facility inlet meter, gives circumstances in which a bond may not be required, sets out factors considered in determining the amount of the bond, provides how to compute interest on amounts payable and prescribes credits that are not financial incentives for the purposes of the LNGITA.

The Bonding Act regulation is also amended to include the LNGITA and sets out the types of security that can be posted as a bond.

New information is available about transportation costs allowable and not allowable in determining natural gas notionally acquired at an LNG facility inlet meter, and how feedstock pipeline inlets will be designated in determining the costs of natural gas notionally acquired at an LNG facility inlet meter.

The Natural Gas Tax Credit regulation has been added to the Income Tax Act. The regulation allows for a natural gas tax credit of up to a total of 3 percent of the cost of natural gas acquired at the LNG facility inlet meter.


March 25 2015

The Province introduced the Liquefied Natural Gas Income Tax Amendment Act, 2015 today. The legislation adds administrative provisions to the Liquefied Natural Gas Income Tax and also amends the Natural Gas Income Tax Credit in B.C.'s Income Tax Act.

Check out the new LNG Income Tax website at

March 2015

Bulletin PNG 006, Net Profit Royalty Program has been revised to clarify that participants automatically advance to Tier 1 after 10 years


February 3, 2015

The Appeals webpages and Bulletin GEN 002, Appeals, have been updated to make it easier for you to find the information you need.

Form FIN 298, Appeal to Minister, is a new form you can use to file an appeal related to an assessment, disallowed refund or other decision made by the Ministry of Finance.

January 2015

Information Letter 2015-02, Producer Cost of Service Reporting Procedures for Shared Equipment

Information Letter 2015-01, 2015 Industry Reporting Calendars, provides oil and natural gas industry reporting due dates for 2015.

Industry Bulletin 2014-18 advises of changes to the Oil and Gas Commission Levy rates effective January 2, 2015.


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