Country Report
Alberta upstream summary
Report summary
Alberta has seen the bulk of activity in the development of Canada's prolific Western Canadian Sedimentary Basin. Production from the province started a century ago, with Alberta geology offering players a wide variety of potential targets. The basin is now mature and many conventional pools are in decline. However, ongoing advances in drilling and completion technologies continue to attract capital to the region, with players chasing the emergence of unconventional plays as commercial ...
Table of contents
- Executive summary
- Key facts
- Location maps
- Key companies
-
Geology
- Introduction
- WCSB Structure and Sedimentation
- WCSB basin
- Source Rocks
-
Conventional Reservoir Rocks, Cap Rocks and Traps
- Ordovician/Silurian Reservoirs
- Devonian Reservoirs
- Carboniferous Reservoirs
- Permian Reservoirs
- Triassic Reservoirs
- Jurassic Reservoirs
- Lower Cretaceous Reservoirs
- Middle/Upper Cretaceous Reservoirs
- Tertiary Reservoirs
-
Exploration
-
Drilling
- Drilling activity
-
Plains Gas
- Upper Cretaceous Shallow Gas
- Lower Cretaceous and Jurassic
- Triassic to Devonian
- Foothills
- Deep Basin Gas
- Coalbed Methane (CBM)
- Shale Gas
- Conventional Heavy Oil
-
Conventional Light Oil
- Alberta Basin
- Tight Oil
-
Drilling
-
Reserves and resources
- Reserves Growth and Yet-To-Find Reserves
-
Western Canada - Methodology
- Estimated working interests
- Sales point and measurement assumptions
- Infrastructure
- Production forecast
-
Production
-
Oil/Liquids
- Historical Background
- Current Trends and Outlook
- Historical Background
- Current Trends and Outlook
-
Oil/Liquids
-
Infrastructure
- Oil infrastructure
- Hubs and Storage
-
Refineries
- Enbridge Mainline
- Express Pipeline
- TransMountain Pipeline
- Rangeland Pipeline
- Milk River Pipeline
- NGL Transmission Pipelines
- Gathering Systems
-
Gas infrastructure
- Historical Overview
- Proposed west coast lines
-
Gathering Systems
- NOVA (TransCanada Alberta System)
- Westcoast
- TransGas
- ATCO Pipelines
-
Gas Processing
- Alberta
- Gas Storage
-
Costs
-
Capital costs
- Capital expenditure by location
-
Capital costs
-
Policy and regulation
-
Key legislation
- Canada
- Alberta
-
Regulatory body
- Canada
- Alberta
- Government depletion policy
- Development Approval
- Production Sharing
- Licensing
-
Crown Lands
- Alberta
- Freehold Lands
-
Key legislation
-
Fiscal terms
- Overview
- Upstream
- Mid/Downstream
- Pipelines
- Gas Utilisation
-
Current fiscal terms
- State equity participation
- Bonuses, rentals and fees
- Signature bonuses
- Area rentals
- VAT/Sales Taxes
-
Royalty
- The 2007 Albertan royalty framework
- The 2010 review of competitiveness
- The 2015 royalty review - Modernized Royalty Framework
- Emerging Resources Program and Enhanced Hydrocarbon Recovery Program
-
Freehold Mineral Tax (FMT)
- Alberta
- Liquids
- Gas
- Domestic Market Obligation (DMO)
- Product Pricing
-
Corporate Income Tax
- Federal Income Tax
- Provincial Income Tax
- Taxable Income
- Resource Allowance
- Provincial Royalty Tax Credits
- Loss Carry Forward/Backward
- Fiscal/Contractual Ring-Fences
-
Incentives available prior to the Modernised Royalty Framework
- Drilling Royalty Credit
- New well incentive programme
- Deep Oil Exploration Well Program
- Natural Gas Deep Drilling Programme (NGDDP)
- Natural Gas Well Event Average Royalty Rate (WEARR)
- Provincial Capital Tax
- Municipal taxes
- Dividend Withholding Tax
- Transfer of a licence interest
-
Corporate Structures
- Trusts
- Flow-through shares
Tables and charts
This report includes 30 images and tables including:
- Alberta Liquids Production
- Alberta Gas Production
- Key facts: Table 1
- Western Canada Sedimentary Basin Overview Map
- Reserves and contingent resources at 01/01/2023
- Liquids and Gas Production 2022
- Reserves and resources: Table 1
- Map of Western Canada Geology
- Geology: Image 2
- Production: Table 1
- Production: Table 2
- Alberta Liquids Production
- Oil Transmission Pipelines
- Infrastructure: Table 2
- Western Canada Oil Infrastructure Map - Key Pipelines
- Western Canada Gas Infrastructure Map - Key Pipelines
- Gas
- Production: Table 4
- Alberta Gas Production
- Transmission Pipelines
- Costs: Table 1
- Costs: Table 2
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- Fiscal terms: Table 6
- Fiscal terms: Table 7
- GEM models
What's included
This report contains:
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