Insight
Western Canada leasing: 2014 spend flat as core acreage demands premium
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Report summary
Lease spend in Western Canada was stagnant in 2014, with Alberta, British Columbia and Saskatchewan attracting a combined Cdn$1.1 billion in bonuses. A total of 14,380 square kilometres (3.6 million acres) were acquired, almost a 50% drop from the previous year. Despite a drop in volume, spend per acre increased across all regions as operators concentrated on high potential areas in the Montney, Duvernay and Saskatchewan Bakken plays.
Table of contents
- 3.6 million acres acquired for total bonus spend of Cdn$1.1 billion
- Provincial highlights reveal isolated hotspots
- Alberta leads the way for the fifth year running
- Rebounding interest in Saskatchewan resource plays
- British Columbia improvement driven by Montney leasing
- Oil sands activity slows to a trickle
- Looking ahead: survival mode for 2015
Tables and charts
This report includes 6 images and tables including:
- South BC, North BC finish one, two in 2014
- Alberta's bonus revenue dominance wanes
- Map of 2014 lease results: bonus per acre with play area outlines
- Cold Lake region accounts for 95% of the 2014 oil sands bonuses collected
- Month-to-month land sale activity
- Appendix: top leases by $/acre
What's included
This report contains:
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