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Western Canada lease sales fail to impress in 2013

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Report summary

Western Canada attracted Cdn$1.0 billion (US$1.0 billion) in lease bonuses in 2013, a decade low. While a decrease from the Cdn$1.4 (US$1.4 billion) collected last year, the amount spent per acre increased marginally from 2012. A total of 25,216 square kilometres (6.2 million acres) were acquired in 2013, a 28% drop from 2012. Many factors are at play in the leasing downturn, most importantly the depletion of available acreage within the region’s hottest unconventional plays.

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    Western Canada lease sales fail to impress in 2013

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Table of contents

  • Alberta leads the way for the fourth year running
  • Saskatchewan total declines while price per acre climbs
  • British Columbia improvement driven by Montney leasing
  • Looking ahead: muted expectations for 2014

Tables and charts

This report includes 4 images and tables including:

Images

  • Alberta claims over 80% of bonus spend
  • Northern BC attains highest bid values once more
  • Cold Lake region accounts for 70% of the 2013 oil sands bonuses collected

Tables

  • Western Canada lease sales fail to impress in 2013: Table 1

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