Verdazo’s contribution to the Alberta Modernized Royalty Framework
October marks the early opt-in period for companies to benefit from the Alberta Modernized Royalty Framework (MRF). We thought this would be a suitable time to share some of the details about Verdazo Analytics’ contributions to the process that shaped the MRF.
In early 2016 we were pleased to be asked by CAPP (Canadian Association of Petroleum Producers), and several of our clients, to contribute to the recent Alberta Oil & Gas royalty review mandated by the NDP government after its election in 2015. Our invitation to participate was based on the recognition that a critical way to ensure productive dialogue between stakeholders, particularly those with different needs and perspectives, is to start from an accurate, transparent, data-driven analysis framework. As part of our contribution to the review, we used our VERDAZO software to provide rapid analysis on a variety of potential C* scenarios and the impacts they would have on the industry and its stakeholders.
It was particularly satisfying to be able to present our analyses to the panel stakeholders in an easily digestible visual form with our software. In our work with clients across the industry over the last decade, we’ve learned that being able to deliver sophisticated information visually is an effective way to build a data-driven consensus on the best course of action. Here at Verdazo Analytics, we’re very proud of the final outputs of the royalty review and thank CAPP (Canadian Association of Petroleum Producers) for including us in the process.
You can read a detailed summary of our work here.