Modernized Royalty Framework (MRF) C* and Drilling and Completions Cost Reporting

The Modernized Royalty Framework (MRF) was a product of the 2015 Royalty Review Panel report and was implemented effective January 2017.  In this session, we will look at the definition of MRF and C* in order to help attendees gain an understanding of the changes to the royalty framework . We will examine the 3 phases of MRF and discuss the “how to’s” of the required Drilling and Completion Cost reporting. We will also look at the reports and tools that are provided to industry through Petrinex.


Trevor Flood, Husky Energy & CAPP MRF Committee Filmon Yohannes, Chairperson CAPP MRF Committee