“The province offers credits for certain costs incurred by producers including the deep well, road and summer drilling programs. Deep well credits of $913 million (2012: $752 million), road credits of $12 million (2012: $16 million) and summer drilling credits of $9 million (2012: $6 million) have been incurred by producers and will reduce future natural gas royalties payable when wells go into production.”
If the increase of the liability to gas producers had been offset against natural gas royalty income, the numbers for the last three years would be this:
In the three years from April 1, 2010 to March 31, 2013, the actual net royalties received from natural gas producers in BC amounted to $63 million.
You’re (edited) not likely to read or hear about these numbers in the obedient corporate media. They’re too busy telling us about Adrian Dix’s fatal flaws or about how business wants to rename and restore the HST.