In the Sept. 20, 2023 land sale, the province sold 14,334.79 hectares of P&NG leases and licenses bringing in $3.51 million. Additionally, 4,992 hectares of oilsands leases sold for $8.29 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $354.91 million. Highlights of this sale included:
September 25, 2023, 12 AM MDT
In 2022, there were a total of 6,926 wells that were spudded across British Columbia, Alberta and Saskatchewan with the Licensed Substance as gas or oil. Of these wells, 3,037 were put on production by year-end.
September 13, 2023, 9:30 AM MDT
September 1, 2023, 10:43 AM MDT
August 29, 2023, 8:30 AM MDT
Alberta sold 20,860.26 hectares of P&NG leases and licences in the August 23 land sale, bringing in $10.73 million. There were no oilsands parcels on this date. This brings the total cumulative bonus paid to-date for the year in the province to $336.11 million.
August 28, 2023, 8:33 AM MDT
In the Aug. 9 land sale, the province sold 31,904 hectares of P&NG leases and licences bringing in $74.23 million.
August 11, 2023, 8:44 AM MDT
In the July 26 land sale, the province sold 16,208 hectares of P&NG leases and licences bringing in $9.36 million. Additionally, 2,009 hectares of oilsands leases sold for $0.41 million. This brings the total cumulative bonus paid to-date for 2023 in Alberta to $251.15 million.
July 31, 2023, 8:24 AM MDT
In the July 12 land sale, the province sold 26,016 hectares of P&NG leases and licences bringing in $7.96 million. In addition, 1,152 hectares of oilsands leases sold for $0.29 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $241.38 million.
July 17, 2023, 6 AM MDT
Three critical performance metrics for any SAGD project are daily production rate, recovery factor and steam oil ratio. This insight focuses on steam oil ratio (SOR), which measures the volume of steam required to produce one unit of oil. In particular, we look at the cumulative SOR (CSOR), which is the ratio of the cumulative volume of steam injected to the cumulative volume oil produced.
July 11, 2023, 9:30 AM MDT
In the June 28, 2023 land sale, the province sold 13,968 hectares of P&NG leases and licenses, bringing in $7.99 million. Additionally, 2,880 hectares of oilsands leases sold for $0.53 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $233.13 million.
July 4, 2023, 6 AM MDT
The highest value transaction to date, and making up the bulk of the total transaction value in the second quarter of 2023, is ConocoPhillips’ pending acquisition of the remaining 50 per cent interest in the Surmont oilsands project held by TotalEnergies EP Canada Ltd. for a cash payment of approximately $4.0 billion on closing and additional contingent payments of up to $440.0 million.
June 28, 2023, 6 AM MDT
The federal government has a bold energy and climate agenda. It’s pursuing ambitious targets with extensive regulations, unprecedented spending, numerous sectoral strategies, and multiple advisory and planning mechanisms.
June 26, 2023, 8:03 AM MDT
At Alberta’s land sale on June 14, the province sold 12,690.8 hectares of P&NG leases and licences bringing in $4.30 million. In addition, 3,567.7 hectares of oilsands leases sold for $1.02 million.
June 19, 2023, 6 AM MDT
At the May 31 land sale, the province sold 44,000 hectares of P&NG leases and licences bringing in $11.02 million. Additionally, 8,448 hectares of oilsands leases sold for $10.42 million. This brings the total cumulative bonus paid to-date for 2023 in Alberta to $219.29 million.
June 5, 2023, 10:18 AM MDT
A total of $2.7 billion in capital was raised by the Canadian oil and natural gas industry in 2022, down significantly from the $10.8 billion raised in 2021.
May 31, 2023, 6 AM MDT
In the May 17, 2023 land sale, the province sold 40,448 hectares of P&NG leases and licenses bringing in $24.21 million. Additionally, 8,130.19 hectares of oilsands leases sold for $6.51 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $197.84 million.
May 23, 2023, 12 AM MDT
Over the past several years the federal government has been investing to build businesses all along the critical minerals value chain in an attempt to seize what it views as a “generational opportunity” to create “significant wealth and sustainable jobs in every region of the country” to make “Canada a clean energy and technology supplier of choice in a net-zero world.”
May 2, 2023, 6 AM MDT
Oil and gas production will be needed for years to come — but who will run the rigs and work the wells?
April 27, 2023, 8:33 AM MDT
Recently, we have seen a number of privately-held oil and natural gas companies emerge as active buyers of oil and natural gas assets.
April 26, 2023, 6 AM MDT
With a resurgence of drilling across the Western Canadian Sedimentary Basin we continue to see growth in both oil and gas production. This insight will look at the top performing wells in key formations: Montney, Duvernay, Clearwater and Charlie Lake.
April 25, 2023, 8:50 AM MDT
Transforming Canada’s energy system and broader economy to net zero requires unprecedented investment in innovation, energy infrastructure and industrial processes. McKinsey pegs the capital cost at over a trillion dollars to 2050, with half a trillion needed before 2030.
April 25, 2023, 6 AM MDT
Investment in renewables and clean energy technology is at an all-time high and climbing fast.
April 20, 2023, 6 AM MDT
Global upstream oil and gas investment fell from a peak of just under $900 billion in 2014 to less than $400 billion in 2021, according to the annual Gas Market Report of the Gas Exporting Countries Forum (GECF).
April 19, 2023, 6 AM MDT
In the April 5 land sale, the province sold 109,222 hectares of P&NG leases and licences for a total bonus of $25.67 million. In addition, 9,876 hectares of oilsands leases sold for $1.89 million.
April 10, 2023, 9:05 AM MDT
New supply and demand models released by oil and gas firms show that the LNG trade could become increasingly important over the next two decades as countries shift focus to energy security over emissions management.
April 5, 2023, 10:23 AM MDT
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.