Prosperity Saskatchewan

OIl prices and exchange rate down – bad and good for Saskatchewan

October 15, 2014
For 2014-15, when considering the provincial budget assumptions, it is estimated that :
• a US$1 per barrel change in the average WTI oil price results in an estimated $20 million change in oil royalties;
• a 1 U.S. cent change in the average value of the Canadian dollar results in an estimated $31 million change in non-renewable resources revenue.
From page 15 at http://www.finance.gov.sk.ca/budget2014-15/2014-15CoreOperationalPlan.pdf
Note, this is a full-year average and based on production amounts not deviating either.
The 2014/15 Saskatchewan budget was based on:
Today:
Eric