Insight
2018 Western Canada leasing: a tale of the times
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Western Canada leasing spend and acres acquired in 2018 were below 2017 amounts but higher than in 2015 and 2016. Alberta saw a return of interest to the Northern Region, in particular for Montney lands in the liquids-rich windows of the play. British Columbia was down heavily year-on-year but featured one stand out bid. Saskatchewan and the oil sands also saw lacklustre leasing results in 2018. We identify regional trends, top bids and contemplate if 2019 leasing interest could rebound.
Table of contents
- Alberta collects Cdn$405 million; Montney play attracts the top bids
- One high value block in British Columbia steals the show
- Saskatchewan totals underwhelm but acreage values return to normal levels
- Multi-year low for the oil sands
- Other reflections
Tables and charts
This report includes the following images and tables:
- Alberta revenue and total acreage
- Regional acreage value
- British Columbia lease results
- Monthly bonus by region
- Oil sands relinquished blocks
- 2018's top leases
What's included
This report contains:
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