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PrairieSky Royalty (PrairieSky Royalty) Other Liabilities for Insurance Companies


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What is PrairieSky Royalty Other Liabilities for Insurance Companies?

Other Liabilities for Insurance Companies only applies to insurance companies.


PrairieSky Royalty (PrairieSky Royalty) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PrairieSky Royalty Ltd (OTCPK:PREKF) » Definitions » Other Liabilities for Insurance Companies
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Address
350 - 7th Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 3N9
PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.