Assertion: royalty | /r/HasProperty | calculated
Facets:
value: based on crown royalty volume
type: OTHER
value: by applying the fixed percentage
type: MANNER
Source sentences:
text: The royalty is calculated by applying the fixed percentage to the adjusted gross sales, traditionally on a monthly or sooner basis.
text: Deductions are subtracted from sales before the royalty is calculated.
text: The MRF applies to crude oil, liquid and natural gas wells spud on or after January 1, 2017, and to non-project crude bitumen wells spud on or after January 1, 2017 (since royalties for these wells are calculated based on Crown royalty volume determined under crude oil formulas).
text: Any reference that royalty is payable or calculated “at the well,” “at the wellhead,” at the “mouth of the well,” or at any other location, other than the actual point of sale, should be deleted.