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

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

Tables and charts

This report includes 98 images and tables including:

  • 2020 Newfoundland and Labrador Call for Bid results
  • Alberta production breakdown
  • Completed RBL redeterminations
  • Redetermination extensions
  • Cardium, Charlie Lake, Duvernay and Montney Deals over US$100 million (2021 onwards)
  • Liquids production and commodity mix per WCSB play
  • Shipper committed volumes
  • Realisations since 2020 against average
  • Deep Basin, Duvernay and Montney deals since 2020
  • Deep Basin, Duvernay and Montney deals by liquids %
  • Lens snapshot of OilCo's assets and cash flows
  • Midpoint capital guidance
  • Midpoint production guidance
  • Diluent demand versus supply
  • Deep Basin M&A transactions over US$100M
  • TMX shippers
  • TMX realisations before and after toll increase
  • Peyto and Repsol Deep Basin Assets
  • Table 1: Deep Basin M&A transactions over US$100M
  • Table 2: Gas-weighted Western Canada M&A transactions over US$100M
  • Strathcona Resources Ltd. (new public entity)
  • SMID-Cap Montney operator details
  • SMID-Cap Montney operators - sized by valuation
  • Production impact of a three year bay du Nord delay
  • Deal structure evolution
  • Surmont asset performance
  • Map of Drayton Valley selected lease positions
  • TotalEnergies global emissions intensity before and after sale
  • Map showing existing and on offer parcels
  • Tamarack Valley acquisition of Deltastream Clearwater play acreage West Central Alberta
  • Kiwetinohk land base
  • Emissions reduction target coverage
  • Canadian regulatory roundup
  • Eastern Newfoundland Region parcels available for bid
  • Corporate reported net earnings
  • Oil sands mining production
  • Five year trend of extractive operating costs
  • Bay du Nord cluster cash flow at a US$60/bbl long term flat real price
  • Leucrotta Montney acreage map
  • Emissions profile (historic and target) vs. production
  • Absolute emissions reduction forecast
  • Quest CCS annual performance
  • Celtic Exploration and ExxonMobil-operated drilling activity
  • ExxonMobil Resthaven and Kaybob acreage position
  • Net Zero Pathways
  • Net Zero Pathways infrastructure
  • Western Canada pipeline capacity
  • Oil sands emissions by working interest owner
  • Comparison of oil sands bitumen production forecasts
  • Suncor emisisons
  • AOSP Project cash flow
  • AOSP Project emissions and intensity
  • Tourmaline and Saguaro land positions
  • Offshore total emissions intensity by country (2017-2021)
  • In situ monthly production
  • Active rig count by play
  • Whitecap's M&A history
  • Whitecap's production history
  • Shell and Crescent Point Duvernay map
  • Cequence asset base
  • Post tax net cash flow or ARC Resources combined with Seven Generations
  • Newfoundland and Labrador approved project lease locations
  • Capital expenditure budgets
  • Company land base
  • Alberta methane emissions
  • Total's oil sands working interest cash flow under three price scenarios
  • Well activity map
  • Production and drilling history by operator
  • Hedging breakdown for Canadian operators
  • Abandonment funding
  • Capital budget revisions
  • Selected companies debt by maturity
  • Net debt vs. % maturing within five years
  • Tourmaline acquisition acreage northeast BC
  • Drilling activity - formation targets
  • Drilling activity - operators
  • Company-level emissions intensity from oil sands projects
  • Western Canada leasing results
  • Encana cashflow by region
  • 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

What's included

This report contains:

  • Document

    Canada upstream in brief

    PDF 11.26 MB

  • Document

    Canada in brief archive.pdf

    PDF 2.08 MB