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202Annual production report#
An operator must ensure that, not later than March 31 of each year, an annual production report for a pool, field or zone is submitted to the Board that contains information on how the operator manages and intends to manage the resource being produced without waste, including
(a)for the preceding calendar year, details on performance, production forecasts, reserve revision, the reasons for deviations in well performance from forecasts in previous annual production reports, gas conservation resources, efforts to maximize the recovery of petroleum and operating and capital expenditures, including the cost of each well operation; and
(b)for the preceding calendar year, the current calendar year and the next two calendar years, capital costs and fixed operating costs for each well and field in a production project, variable costs, commodity prices and financial commitments in relation to the transportation of the resource, including by pipeline.
Federal laws of Canada reproduced under the Reproduction of Federal Law Order (SI/97-5); not the official version. Source: Justice Laws Website.