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Western Canada leasing: 2014 spend flat as core acreage demands premium


Western Canada leasing: 2014 spend flat as core acreage demands premium

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.


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This report includes 2 file(s)

  • Western Canada leasing: 2014 spend flat as core acreage demands premium PDF - 440.25 KB 6 Pages, 1 Tables, 6 Figures
  • Western Canada leasing 2014 spend flat as core acreage demands premium.xls XLS - 215.00 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

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  • 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

In this report there are 7 tables or charts, including:

  • 3.6 million acres acquired for total bonus spend of Cdn$1.1 billion
    • South BC, North BC finish one, two in 2014
    • Alberta's bonus revenue dominance wanes
  • 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
    • Map of 2014 lease results: bonus per acre with play area outlines
  • Oil sands activity slows to a trickle
    • Cold Lake region accounts for 95% of the 2014 oil sands bonuses collected
  • Looking ahead: survival mode for 2015
    • Month-to-month land sale activity
    • Appendix: top leases by $/acre
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