Insight
Western Canada leasing: revenue rebounds in 2017
Report summary
Western Canada experienced a land sale renaissance in 2017. After two painful years in survival mode, companies were eager to expand exploration budgets and bolster land positions. Cdn$793 million was spent across Western Canada to acquire 4.36 million acres. Bonus revenue increased over two and a half times compared to 2016, while total acquired acreage increased by 48%. The average lease sold for Cdn$182/acre across Alberta, British Columbia and Saskatchewan, an increase of 250% compared to 2016. Alberta continues to lead in terms of total revenue and awarded acreage. However, high price tag parcels in British Columbia's Montney and Western Saskatchewan helped boost provincial revenue. Top-tier and prospective acreage in Western Canada's key unconventional plays drove the impressive 2017 land sales.
Table of contents
- Comeback story for Western Canada
-
Provincial highlights
- Alberta continues to lead inspend and acreage
- Another quiet year for oil sands
- Resurgence in British Columbia
- Saskatchewan leasing shifts west
- Canada leasing results in perspective
Tables and charts
This report includes 8 images and tables including:
- Annual bonus revenue
- Western Canada land sale results
- Monthly bonus revenue
- Signature bonus and work commitments US$mm for select regions
- Appendix: top 2017 parcels
- Price per acre
- Acreage leased and Alberta's share
- British Columbia annual metrics
What's included
This report contains:
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