Analysis

  • Industry Associations Face Uncertain Future

    As our industry contorts and convulses, the dimensions of its various upheavals manifest in different narratives. Many such narratives overwhelm and subsume others — and often rightly so.

    December 14, 2015, 7:49 AM MST

  • How The World Learned Its Lesson And Got A Climate Deal

    December 14, 2015, 10:41 AM MST

  • Analysis: Stein's Law Says Oil Prices Will Rise

    November 24, 2015, 8:34 AM MST

  • Shrinking Q3 Revenue And Margins Illustrate Severity Of Downturn

    It was a jungle out there for the Canadian oilfield services (OFS) industry in the third quarter of the current fiscal year ended September 30, 2015. For a group of 25 diversified, publicly traded Canadian OFS companies, combined revenue declined 38.5 per cent from $6.6 billion in 2014 to only $4.0 billion this year.

    November 19, 2015, 10:32 AM MST

  • Canadian Oil & Gas Companies Struggle In Q3 2015

    Canadian oil and gas companies have recorded major losses as a group for the three-month period ending Sept. 30, 2015, according to new analysis of quarterly data by CanOils. Low commodity prices have continued to have a huge impact on income statements for oil and gas companies since the end of 2014, with margins being squeezed and huge impairments being recorded across the board. This analysis from CanOils shows that Canadian companies are feeling the same effects as their counterparts across the border in the U.S., whose earnings were analyzed recently using Evaluate Energy data.

    November 16, 2015, 8:08 AM MST

  • Canadian Oil & Gas Land Analysis With CanOils Assets

    CanOils is delighted to announce the latest upgrade to its wells and land database, CanOils Assets, which enhances the analysis which can be performed on land data alongside the existing well data.

    November 11, 2015, 9:35 AM MST

  • Analysis: Keystone’s Death Bolsters ‘Keep Carbon In The Ground’ Camp

    November 11, 2015, 8:57 AM MST

  • Canadian Oil & Gas Upstream M&A Activity Heats Up In October 2015

    November 10, 2015, 9:28 AM MST

  • U.S. Oil & Gas Company Earnings Take A Huge Hit In Q3 2015

    Since commodity prices began to drastically fall in Q4 2014, U.S. oil and gas companies in the upstream sector have seen their respective net incomes drop significantly. Operating margins have been tightly squeezed and assets have suffered major impairments. The low price environment has endured throughout 2015 and, as a result, Q3 2015 earnings for U.S. companies are the lowest since prices began to fall in Q4 2014.

    November 6, 2015, 9:59 AM MST

  • Drilling Contractor Q3 Market Share Analysis Report

    The DOB’s sister product, Rig Locator, released this morning the Q3 2015 drilling contractor market share rankings, which also included information on drilled wells depths and types, and producer activity rankings for western Canadian PSAC regions.

    October 21, 2015, 11:12 AM MDT

  • Oilsands Down But Never Out

    October 14, 2015, 10:53 AM MDT

  • Canadian Upstream Oil & Gas M&A Rebounds In September

    Analysis in CanOils’ new report “Upstream M&A Value in Canada Rebounds in September 2015” shows that September was the biggest month for Canadian M&A activity since May, if the three deals announced in 2015 with a value of over C$1 billion are excluded. 

    October 14, 2015, 9:18 AM MDT

  • Q3 2015 Oil & Gas M&A Slides To $18.2 Billion

    October 8, 2015, 10:09 AM MDT

  • Oil Production In Manitoba And The Major Producing Formations

    In terms of western Canadian provinces, oil production in Manitoba is undoubtedly a much smaller case study than production in Alberta, British Columbia or neighbouring Saskatchewan. All of the province’s active wells as of August 31, 2015, are located in a small triangle of acreage located deep in Manitoba’s southwest corner on the border with Saskatchewan to the west and the United States to the south.

    October 5, 2015, 10:55 AM MDT

  • LMR: Has The Baby Been Thrown Out With The Bath Water?

    In April, Sayer penned an article for the Daily Oil Bulletin titled “The Impact of Changes to the AER’s LMR System on M&A Activity” (DOB, April 29, 2015). To follow up that article, today we will look at the collateral financial damage that may have occurred to the public treasury as a result of the changes.

    September 30, 2015, 7:36 AM MDT

  • Company Spotlight: Kelt Exploration Builds Solid Asset Base

    In October 2012, Kelt Exploration Ltd. was formed in a spin-off after ExxonMobil acquired Celtic Exploration Ltd. Its growth in production since that time has been impressive. The operational base is now very robust, but Q2 2015 results do highlight an increase in operational expenses caused by the growth strategy based around acquisitions employed by Kelt since the start of 2014.

    September 18, 2015, 7:43 AM MDT

  • Reality Hits Home For An Industry Carrying Too Much Debt

    That’s the Coles Notes from a senior banker describing the book of oil service loans he manages for one of Alberta’s leading lenders. There’s simply not enough cash flow to support current levels of debt. 

    September 16, 2015, 9:37 AM MDT

  • More Gloom On The Horizon For Bakken Companies In Q3 2015

    As commodity prices fell at the end of 2014 and in early 2015, companies that participate in the Bakken shale in North Dakota and Montana were hit the hardest amongst U.S. unconventional operators. 

    September 3, 2015, 10:07 AM MDT

  • M&A Value In First Half Of 2015 Down 52%, Year-Over-Year

    The total enterprise value of merger and acquisition (“M&A”) activity in the Canadian oil and natural gas industry for the first half of 2015 was approximately $9.7 billion, down 52% from the $20.0 billion recorded in the first six months of 2014.

    August 26, 2015, 8:28 AM MDT

  • Analysis: Commodity Rout Unlike 2008 Recession, No China To The Rescue

    August 24, 2015, 8:49 AM MDT

  • How Did the Oil & Gas Majors Perform In Early 2015?

    As Q2 results continue to flood in, Evaluate Energy has reviewed the performance of the world’s oil and gas majors – BP, Chevron, ConocoPhillips, ExxonMobil, Royal Dutch Shell and Total – to gauge the impact of the price collapse of late 2014 on their respective starts to 2015, with the main focus on their upstream earnings, production and capital expenditures.

    August 18, 2015, 8:28 AM MDT

  • What Might Prompt A Short-Covering Rally In U.S. Oil Price?

    August 18, 2015, 10:46 AM MDT

  • Oilpatch Conventional Wisdom Will Be Wrong Again

    Things will get better because they can’t get worse. We’re at or near the bottom. Better times ahead.

    August 12, 2015, 8:26 AM MDT

  • Analysis: Iran's Possible Oil Production Response Post-Sanctions

    July 17, 2015, 11:12 AM MDT

  • Consolidation Through Mergers A Viable Option To Preserve Equity

    No sector of the economy should be considering the urge to merge more than Canada’s beleaguered oilfield services (OFS) business. The signals are powerful. Overcapacity in virtually every product and service line. Prices down to slimmest of margins. Bankers are unhappy and getting twitchy. Shareholders are morose. OFS operators have to do something because doing nothing is no longer an option.

    July 15, 2015, 7:29 AM MDT