Going once, going twice, unsold: 2016 Western Canada leasing
Get this report
$1,350
You can pay by card or invoice
Report summary
Western Canadian lease activity continued to decline in 2016, hitting the lowest levels in total spending since Wood Mackenzie started tracking in 1993. This is no surprise, as capital budgets and associated exploration allocations were slashed coming into 2016 to cope with low commodity prices. A total of 12,609 square kilometres (2.98 million acres) were acquired in 2016, a 30% decrease from 2015. Average prices per acre reached lows not seen since 1995. The decrease in both acreage leases and bonuses in 2016 was a clear sign of the times. We review 2016 sales results across Alberta, British Columbia, Saskatchewan and the oil sands sector noting the positive and negative trends across each region.
Table of contents
- Western Canada bonus revenue, acreage prices, and WTI price
- New lows reached in both acreage and bonus paid
-
Provincial highlights
- Alberta continues to lead
- Oil sands activity declines
- Southeast Saskatchewan shows strength, the rest not so much
- British Columbia continues to show the effects of LNG uncertainty
- 2017 expectations: tempered optimism
Tables and charts
This report includes 7 images and tables including:
- Going once, going twice, unsold: 2016 Western Canada leasing: Image 1
- Map of 2016 lease results by bonus per acre
- Southeast Saskatchewan leads in 2016 Cdn$/acre
- Alberta's share of lease revenue declines
- 2016 monthly leasing trends
- 2016 vs. 2015 Alberta acreage prices distributed logarithmically
- Oil sands acreage and bonus paid
What's included
This report contains:
Other reports you may be interested in
05 September 2017
US Upstream week in brief: Harvey halts operations, delays production across the Gulf Coast
US Upstream week in brief: Harvey halts operations, delays production across the Gulf Coast
Hurricane Harvey delays operations and production across the Texas Gulf Coast.
$1,35031 October 2016
Canada gas markets long-term outlook H1 2016
Canada gas markets long-term outlook H1 2016
Falling Henry Hub and AECO prices in 2017-2022 means less drilling in expensive BC Montney wells and WCSB production pulls back.
$14,60026 July 2018
Husky Energy corporate - reported results analysis
Husky Energy corporate - reported results analysis
Predictably weak financial performance, but balance sheet strengthened by disposals
$750
