European super-majors were faster out of the blocks on the energy transition than their U.S. counterparts — but were they too fast?
February 15, 2023, 6:31 AM MST
In the Feb. 8 land sale, the province sold 45,136 hectares of P&NG leases and licenses bringing in $17.08 million. Additionally, 448 hectares of oilsands leases sold for $0.3 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $59.49 million.
February 13, 2023, 7:34 AM MST
‘Never before in human history have we tried by means of deliberate political decisions and by means of economic planning to choose the method by which the industrial system will operate and [how] we will live our lives.’
February 6, 2023, 6 AM MST
The Duvernay shale play shows no sign of slowing down in the Kaybob and Two Creek areas based on wells brought on production between 2020 and 2022.
February 2, 2023, 9:30 AM MST
In the Jan. 25 landsale, the province sold 65,892 hectares of P&NG leases and licences bringing in $10.52 million. There was no public offering of Crown oilsands rights this sale. This brings the total cumulative bonus paid to-date for the year in Alberta to $42.11 million.
January 30, 2023, 7:09 AM MST
Every January, Sayer Energy Advisors publishes its forecast for mergers and acquisitions (“M&A”) activity in the Canadian upstream oil and natural gas industry for the upcoming year.
January 25, 2023, 6 AM MST
In Alberta’s Jan. 11 land sale, the first sale for 2023, the province sold 51,313.2 hectares of P&NG leases and licenses bringing in $26.74 million. Additionally, 12,672 hectares of oilsands leases sold for $4.85 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $31.59 million.
January 16, 2023, 12 AM MST
In the two weeks following Russia’s invasion of Ukraine on Feb. 24 the Bulletin published my three-part “President Putin’s Massive Ukrainian Blunder” series.
December 21, 2022, 6 AM MST
At the Dec. 14 land sale, the last Alberta sale for 2022, the province sold 24,628 hectares of P&NG leases and licences for $11.92 million. Additionally, 4,160 hectares of oilsands leases sold for $1.74 million. This brings the total cumulative bonus paid to-date for the year in Alberta to $459.37 million.
December 19, 2022, 6 AM MST
The Clearwater is one of the premier economic oil plays in North America, thanks to its relatively shallow depths and its low cost of development, deploying open hole multilateral horizontal wells that require zero stimulation.
December 13, 2022, 10 AM MST
The province sold 24,203 hectares of P&NG leases and licences in the Nov. 30 land sale bringing in $14.63 million. Additionally, 8,752 hectares of oilsands leases sold for $1.93 million.
December 5, 2022, 10:14 AM MST
The amount of Canadian oil and natural gas assets publicly available for sale is down roughly 69 per cent from this time last year.
November 30, 2022, 6:42 AM MST
Leading Montney operators are using a mix of completion technologies including sliding sleeve, ball & seat and plug & perf systems to maximize production and efficiency.
November 23, 2022, 9:30 AM MST
The Western Canadian natural gas price marker of AECO, like its U.S. cousin Henry Hub, is a benchmark price.
November 8, 2022, 12 AM MST
The province sold 35,527.2 hectares of P&NG leases and licences in the Nov. 2 land sale bringing in $20.22 million. Additionally, 13,385.01 hectares of oilsands leases sold for $2.1 million. This brings the total cumulative bonus paid to-date in Alberta to $415.2 million.
November 7, 2022, 6 AM MST
A lot of emphasis is placed on analyzing and attempting to generate forecasts for the price differential between Canada’s heavy oil benchmark of Western Canada Select (WCS) and that of the North American light oil benchmark, West Texas Intermediate (WTI).
November 1, 2022, 12 AM MDT
It seems the days of developing an outlook for Canadian light-heavy crude oil price differentials based primarily on fundamental factors (North American supply/demand/inventories) has become even more difficult than it used to be.
October 31, 2022, 9:12 AM MDT
The total enterprise value of merger and acquisition (“M&A”) activity in the Canadian oil and natural gas industry in the first half of 2022 was $5.2 billion, down 53 per cent from the $11.1 billion recorded in the first six months of 2021.
October 26, 2022, 6 AM MDT
The province sold 27,979.60 hectares of P&NG leases and licences in the Oct. 19 land sale bringing in $12.05 million. Additionally, 7,680 hectares of oilsands leases sold for $1.31 million. This brings the total cumulative bonus paid to-date in Alberta to $392.9 million.
October 24, 2022, 6:49 AM MDT
Alberta sold 37,821.15 hectares of P&NG leases and licences in the Oct. 5 land sale, bringing in $59.5 million. Additionally, 8,128 hectares of oilsands leases sold for $11.6 million.
October 11, 2022, 9:38 AM MDT
In November 2021, the Saskatchewan government released Helium Action Plan: From Exploration to Exports to further bolster the province’s budding helium industry. The goal of the plan is to produce 10 per cent of the world’s helium by 2030 — making Saskatchewan a top-five global producer.
October 3, 2022, 6 AM MDT
A total of $1.8 billion of capital was raised by the Canadian oil and natural gas industry in the first six months of 2022, down 69 per cent from the $5.7 billion recorded over the same time period in 2021.
September 28, 2022, 6 AM MDT
The province sold 26,585.65 hectares of P&NG leases and licenses in the Sept. 21 land sale, bringing in $15.79 million. Additionally, 1,024 hectares of oilsands leases sold for $136,000.
September 27, 2022, 12 AM MDT
After suffering three worldwide helium shortages between 2006 and 2020, it looked like clear sailing for the industry for the remainder of this decade with the first of three phases of Russia’s massive Amur gas processing plant coming online in September of last year.
September 26, 2022, 6 AM MDT
The province sold 13,712 hectares of P&NG licences and leases in the Sept. 7 land sale bringing in $2.85 million. Additionally, 10,491 hectares of oilsands leases sold for $2.88 million. This brings the total cumulative bonus paid to-date in Alberta to $292.5 million.
September 12, 2022, 8:40 AM MDT
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