Canadian oil sands
reported $12.8bn in asset sales, corporate acquisitions and joint ventures for
2010. The Montney (BC &
Alberta) recorded $2.3bn in trades or 5x
times 2009 total and twice 2008 deals less Shell-Duverney. The number of oil
sands deals went up, but the average deal value decreased significantly due to
the 2009 Petro-Canada Suncor $18bn merger. Bakken &
Saskatchewan plays totalled $2.6bn. The Montney and Bakken
unconventional plays made up ~10% of the Canadian transactional market place.
Canadian assets worth $7billion on the market in Q1 2011
$7bn of assets on the market, corporate acquisitions and development assets worth $5.46 bn in Q1 2011.
Key assets on the market
Source: Derrick Petroleum E&P Transactions Database
Key assets on the market
Source: Derrick Petroleum E&P Transactions Database
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