Canada upstream in brief

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What's inside this report?

  • Corporate news: What’s caught the team’s attention in the headlines this month
  • Deep dive: Expert analysis from our dedicated team on the most exciting developments in the sector – from M&A activity to new exploration to geopolitical developments
  • What to watch: What to expect from the Canadian upstream sector over the next few months

19 August 2019

Canada upstream in brief

Report summary

The Canada upstream in brief provides our expert opinion and analysis of the top upstream stories as they unfold. We have a dedicated team of experienced industry analysts covering all regions of Canadian upstream activity – Oil Sands, WCSB, Arctic, and offshore East Coast. We primarily focus on: exploration and appraisal drilling, project developments, production, licensing, fiscal and regulatory changes, geopolitics, and corporate and M&A activity.

Table of contents

  • Canada upstream in brief: August 2019
  • Koch Industries makes an oil sands exit
  • Oil sands emissions: increasing or decreasing?
  • Oil slick at Hibernia necessitates production shut in
  • Alberta announces two fiscal changes
  • Comparing play-wide average returns to price realisations
  • Shell sells conventional sour Foothills gas to LNG aspirant Pieridae Energy for Cdn$190mm
  • TransMountain Expansion receives government approval
  • CNRL acquires Devon's Canada assets
  • Pacific Oil & Gas acquires Montney-specialist Canbriam Energy
  • Bill C-69 proposed project list released
  • Q1 2019 in the oil sands: what to watch for
  • Blue wave sweeps Alberta legislature
  • Deal activity remains quiet
  • Chevron applies to expand Kitimat LNG license
  • Oil sands project status update
  • Montney production remains resilient
  • Pipeline peril continues
  • Devon eyes Canada exit
  • Alberta curtailments tweaked for February
  • Western Canada rig counts eclipse 2016 doldrums
  • Alberta government mandating production curtailments of up to 325 kbd in 2019
  • New Brunswick legislators will vote on partial lifting of fracking moratorium
  • 2019 capital guidance season is among us
  • Montana Judge blocks Keystone XL pipeline (again...)
  • Imperial Oil goes forward with Cdn$2.6 billion Aspen oilsands project
  • Encana acquires Newfield Exploration for US$7.7 billion
  • Blackbird Energy and Pipestone Oil Corp to merge into pure-play Montney focused company
  • Consolidation 2.0? IPC acquires BlackPearl Energy
  • Shell and partners sanction LNG Canada
  • Husky Energy makes hostile takeover offer for MEG Energy
  • Sinopec and partners assess potential Cdn$8.5 billion refinery complex in Alberta
  • Surge Energy to acquire Mount Bastion Oil and Gas for Cdn$320 million
  • Total and partners sell the Joslyn mine lease to CNRL for Cdn$225
  • Canadian Federal Court of Appeal strikes down construction approval of the Trans Mountain Pipeline
  • Pieridae Energy to acquire Ikkuma Resources in an all-stock deal valued at Cdn$95 million
  • Under the radar: certain oil sands leases quietly returned to the Crown
  • Newfoundland and Labrador government announces an agreement to develop Bay du Nord
  • Gear Energy to acquire Steppe Resources for Cdn$70.4 million
  • Calgary Stampede Chuckwagon canvas auction - what does it tell us about business confidence
  • Our latest insights, podcasts and webinars
  • Meet our team
  • Canada Dashboard

Tables and charts

This report includes 39 images and tables including:

  • This month in Canadian upstream...
  • Koch and Paramount Resources oil sands lease positions
  • Oil sands emissions intensity
  • Play average IRR% versus 2019 price
  • West Canada oil supply - local refinery consumption vs pipeline takeaway capacity
  • Consideration metrics for oil sands and heavy oil deals
  • Northern BC sub-play map
  • Northern BC IP30 ranking
  • Oil sands emissions forecast
  • Canada crude oil exports by rail
  • Jackfish NPV10 comparison
  • Canada upstream M&A consideration and deal count
  • Asian LNG demand growth
  • Aspen cumulative cash flow
  • Montney gas production
  • Provincial rig count 2014-present
  • Regional rig count 2014-present
  • Company reported capital budgets
  • W. Canadian Supply vs. takeaway capacity
  • Aspen Cash Flow, Production
  • Land position October 2018
  • 4Q trailing average opex for select oil sands projects
  • 4Q trailing average SOR for select oil sands projects
  • Flowing barrel consideration for oil sands transactions
  • Mount Bastion production & well count (2003 - current)
  • Oil Sands projects
  • Ikkuma production and well count
  • CNRL Horizon NPV sensitivity analysis
  • Oil sands relinquished blocks
  • Wells spud in the Flemish Pass 2013-2017
  • Bay du Nord costs and production
  • Gear Energy and Steppe Resources land position (2018)
  • 2018 WCSB rig activity
  • Alberta top gas wells, IP30 (from 2016 to current)
  • Alberta top oil wells, IP30 (2016 to current)
  • British Columbia top gas wells, IP30 (2016 to current)
  • Saskatchewan top oil wells, IP30 (2016 to current)

What's included

This report contains:

  • Document

    Canada in brief archive.pdf

    PDF 2.08 MB

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