TSX:MEG - Post Discussion
Post by
ztransforms173 on Nov 06, 2023 5:30pm
ROYALTIES @ $ 181 million and SALES @ USGC @ 73%
The Corporation's Christina Lake operation reached post-payout status under the Oil Sands Royalty Regulation in the second quarter of 2023. The resulting royalty rate increase raised third quarter 2023 royalties to $181 million from $66 million in the same period of 2022.
The Corporation sold 73% and 66% of blend sales volumes in the USGC market during the third quarters of 2023 and 2022, respectively. Average heavy oil apportionment on the Enbridge mainline system was 1% and 3% in those periods.
z173
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