PSK - Lessor Interests (Fee Lands)
Project information
As at 31 December 2025
Type:
Royalty
Type:
Royalty
Aggregation level:
Play or complex
Aggregation level:
Play or complex
Status:
Operating
Status:
Operating
Report standard:
Ni 51 101
Report standard:
Ni 51 101
Ownership %:
100
Ownership %:
100
Operator:
No
Operator:
No
Operator name:
Various third-party lessees
Operator name:
Various third-party lessees
Extraction:
Conventional Oil Gas
Extraction:
Conventional Oil Gas
Country:
Canada
Country:
Canada
Region:
Western Canada (predominantly Alberta)
Region:
Western Canada (predominantly Alberta)
Geological province:
Western Canadian Sedimentary Basin
Geological province:
Western Canadian Sedimentary Basin
Interest conditions:
-
Description
As at 31 December 2025
Lessor Interests in respect of producing wells located on ~9.9 million acres of Fee Lands. PSK has mineral title ownership and leases the Fee Lands to third-party operators who pay lessor royalties to PSK. 2025 Lessor Interests contributed 62% of total royalty revenue ($273.5M). Royalty revenue derived from liquids (94%) and natural gas (6%). 2025 Avg net production 14,664 BOE/d (8,460 oil + 28.6 MMcf/d gas + 1,437 NGL). Plus $7.4M lease rental income and $22.6M lease issuance bonus.
Oil & Gas royalties
As at 31 December 2025
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