Insight
Canada upstream in brief
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
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, Western Canada Sedimentary Basin, 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
- Recent insights
- Deal activity
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Strathcona divests Montney in three packages totaling US$2 billion (C$2.8 billion)
- Mark Oberstoetter , 29 April 2025
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Value implications from Alberta freezing the industrial carbon price
- Mackenzie Monsour , Jack Mageau , 14 May, 2025
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Canada election results are in, Liberals maintain a minority government
- Mark Oberstoetter , 29 April 2025
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Market turmoil: the corporate and upstream response
- Luke Parker, Tom Ellacott, Fraser McKay, David Clark and Greig Aitken, 8 April 2025
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A closer look at Alberta’s gas reserves report
- Mackenzie Monsour , 27 March 2025
- Jonah Resnick , 26 March 2025
-
Whitecap and Veren merge into seventh largest Canadian producer
- Mark Oberstoetter , 10 March 2025
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InPlay doubles down as a Cardium pure-play with Obsidian acquisition
- Mackenzie Monsour , February 21 2025
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Trade war: United States tariffs and Canadian response
- Jonah Resnick , 31 January 2025
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CNRL exercises swap and takes full control of AOSP mines in a non-cash deal
- Jonah Resnick , February 4 2025
- Greenfire Resources vs Waterous Energy Fund: the end?
- Tyson Gervais , 24 December 2024
- Vermilion acquiring Westbrick Energy for Cdn$1.075 billion
- Mark Oberstoetter , 23 December 2024
- Guidance results so far: spend climbing 12.5% while production grows 6%
- Mark Oberstoetter , 12 December 2024
- In case you missed it: Montney and Duvernay Type Curve Updates
- 44 more item(s)...
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Early takeaways from guidance season
- Mark Oberstoetter , 5 December 2023
- 4 more item(s)...
Tables and charts
This report includes the following images and tables:
- US$ per flowing barrel equivalent for recent Montney deals
- Deal metrics
- NPV increase by operator and by asset for C$95 flat versus escalating to C$170 carbon tax scenario
- Wood Mackenzie Alberta gas reserves
- AER Study results
- Whitecap and Veren combined assets
- Pembina Cardium assets by operator
- CNRL mine bitumen production
- Oil sands mine bitumen operating cost by project
- Canada upstream M&A annual trends
- Capital guidance year-over-year
- Production guidance year-over-year
- 43 more item(s)...
What's included
This report contains:
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