The total enterprise value of merger and acquisition (“M&A”) transactions in the Canadian oil and natural gas industry increased 7% in 2023 to $16.4 billion from the $15.4 billion recorded in 2022.
March 27, 2024, 6 AM MDT
In the Willesden Green area there were 14,720 sections of checkerboard lands posted at Alberta’s March 20 land sale, which brought in a total combined bonus of $46.79 million, 80 per cent of the revenue from the sale.
March 25, 2024, 8:51 AM MDT
At Alberta’s March 6 land sale, McMullen Clearwater parcels brought in 75 per cent of the total bonus paid.
March 11, 2024, 9:27 AM MDT
The total amount of capital raised in the Canadian oil and natural gas industry in 2023 more than tripled from the previous year.
February 28, 2024, 6 AM MST
Parts 1 and 2 of this series examined Canadians’ views on a range of energy and climate issues — climate ambition, the current and future of oil and gas, electrification, the electricity mix, energy needs and affordability.
February 27, 2024, 12 AM MST
Part 1 of this series focused on Canadians’ climate ambition and views on the importance of oil and gas to Canada’s current and future economy.
February 26, 2024, 12 AM MST
The just released Petrinex Alberta NGL production data has been integrated into geoLOGIC systems ltd.’s gDC and geoSCOUT, enabling users to define more accurately the fluid maturity windows, individual well performance, and individual operator performance in liquids-rich plays like the Kaybob/Simonette Duvernay.
February 23, 2024, 8:16 AM MST
Today we’re launching a three-part series examining the opinion of Canadians on energy and climate.
February 22, 2024, 12 AM MST
There is an immense amount of debate concerning the physical and pricing impacts of LNG Canada on the western Canadian natural gas market.
February 21, 2024, 6 AM MST
My initial thought when the editors of the DOB asked me to come out of op-ed retirement to write about federal NDP backbencher Charlie Angus’s Bill C-372 — also known as the Fossil Fuel Advertising Act — was there’s no point because the bill has a snowball’s chance in hell of passing in the House of Commons.
February 21, 2024, 8:54 AM MST
It is far too cliché to say that the western Canadian natural gas price marker of AECO is at a crossroads as the current winter heating season is starting to wind down. Our point being, when is AECO not at a crossroads?
February 20, 2024, 6 AM MST
A new focus area for Falher (Clearwater equivalent) expansion appears to be growing southeast of the Peavine Dawson area, as highlighted in Alberta’s land sale on Feb. 7, 2024.
February 12, 2024, 8:35 AM MST
In the two weeks following Russia’s invasion of Ukraine on Feb. 24, 2022, the DOB published my three-part “President Putin’s Massive Ukrainian Blunder” series.
January 31, 2024, 6 AM MST
Sayer Energy Advisors publishes its forecast for mergers and acquisitions (“M&A”) activity in the Canadian upstream oil and natural gas industry every January for the upcoming year. We begin our outlook by reviewing our predictions from the previous year. Following our review, we will point to where we think things will go this year.
January 31, 2024, 7:58 AM MST
In the Jan. 10, 2024 land sale, the province sold 36,828.44 hectares of P&NG leases and licenses bringing in $19.75 million.
January 15, 2024, 6:34 AM MST
At Alberta’s Dec.13, 2023 land sale, the final one of the year, the province sold 55,431.98 hectares of P&NG leases and licenses bringing in $14.05 million.
December 15, 2023, 3:03 PM MST
In the Nov. 29, 2023 land sale, the province sold 19,648 hectares of P&NG leases and licenses bringing in $7.65 million.
December 4, 2023, 6 AM MST
The amount of Canadian oil and natural gas assets and companies publicly available for sale is up roughly 375 per cent from this time last year.
November 29, 2023, 6 AM MST
At Alberta’s Nov. 15 land sale, the province sold 26,032 hectares of P&NG leases and licences bringing in $9.32 million. Additionally, there were 320 hectares of oilsands leases sold for a total bonus of $0.64 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $397.30 million.
November 20, 2023, 6 AM MST
At Alberta’s Nov. 1 land sale, the province sold 14,218.64 hectares of P&NG leases and licences bringing in $9.08 million. Additionally, there were 544 hectares of oilsands leases sold for a total bonus of $1.18 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $387.33 million.
November 6, 2023, 9:10 AM MST
The total enterprise value of merger and acquisition (“M&A”) activity in the Canadian oil and natural gas industry in the first half of 2023 was $7.8 billion, up 50 per cent from the $5.2 billion recorded in the first six months of 2022.
October 25, 2023, 6 AM MDT
At Alberta’s Oct. 18 land sale, the province sold 10,182.56 hectares of P&NG leases and licences bringing in $5.57 million. Additionally, there were 4,928 hectares of oilsands leases sold for a total bonus of $10.72 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $377.07 million.
October 23, 2023, 10:16 AM MDT
When you think of the Montney play within Canada, the focus is typically on gas and condensate-rich gas wells. Although gas and condensate have been the bulk of Montney production during the life of this play, the expansion of the play has revealed a substantial presence of oil that has garnered the attention of several operators.
October 17, 2023, 9:30 AM MDT
In the Oct. 4 land sale, the province sold 25,568 hectares of P&NG leases and licenses bringing in $5.87 million. There were no oilsands lands sold on this date. This brings the total cumulative bonus paid to-date for the year in Alberta to $360.79 million.
October 10, 2023, 10:34 AM MDT
A total of $5.2 billion in equity and debt was raised by the Canadian oil and natural gas industry in the first six months of 2023, up 191 per cent from the $1.8 billion recorded over the same time period in 2022. Debt financings were up significantly year-over-year while the total amount of equity raised declined.
September 27, 2023, 6 AM MDT
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