Royalty Recovery | KPMG | CA
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Royalty Recovery

Royalty Recovery

Reviewing your royalties and recovering overpaid amounts.

Are you overpaying your royalties?

NEW: Effective January 1, 2019 – the Alberta Gas Cost Allowance limitation period is being changed from 4 years to 3 years and therefore production years 2014 & 2015 will both become statute barred on January 1, 2019.

Are you overpaying your royalties?

Royalty overpayments are common. They may form a large part of an organization's costs – costs that come straight off the bottom line. In many cases, an organization can recover overpaid royalties from several years prior. During this time, royalty management processes and systems can generally be improved to help reduce the risk of future overpayments.

Royalty reviews

KPMG's Royalty Recovery practice can provide a thorough review of both your Crown and non-Crown royalty obligations (freehold, overriding, and any other royalty arrangements). They can review royalty regulations and your leases, contracts and royalty payments to obtain refunds for any overpayments. This all-inclusive analysis allows our team to help identify ways to improve your processes and systems and better manage your future royalty obligations with minimal disruption to your daily business activities.

We can provide:

  • Review of oil and gas, oilsands and mining royalties, including;
    • Alberta and BC Gas Cost Allowance (GCA) review to help ensure all capital, operating and custom processing fees are claimed, and
    • Review of applicable Crown royalty incentives (i.e. Alberta Natural Gas Deep Drilling Program and Alberta C*), and
  • Review of non-Crown royalties , and
  • Recommendations for corrective action to reduce future overpaid royalties, and
  • Disclosure of liabilities or compliance issues identification, and
  • Employee training.

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