February 2002
Supplement

02-02_Outlook_EandP_T1.htm (Feb-2002)

A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.

 

  2001 – 2002 Canadian E&P expenditures, $ millions*  
  Company 2002 2001     Company 2002 2001  
  Abraxas Petroleum Corp. $12 $46   Lario Oil & Gas Co. 4 4  
  Acclaim Energy Trust 1 11   Lexxor Energy Inc. 9 10  
  Alberta Energy Co. Ltd. 1,000 1,230   Murphy Oil Corp 220 340  
  Anadarko Petroleum Corp. 300 390   NAL Resources 17 21  
  Apache Corp. 150 370   Nexen Inc. 280 295  
  Arc Resources 50 57   Norsk Hydro ASA 79 102  
  Ascot Energy Resources 4 5   NYCAN Energy 9 10  
  Barnwell of Canada 9 6   PanCanadian Petroleum Ltd. 835 1,060  
  Baytex Energy 75 90   Paramount Resources Ltd. 118 146  
  BelAir Energy Corp. 9 11   Pengrowth Energy Trust 36 35  
  Best Pacific Resources 35 44   Penn West Petroleum Ltd. 210 260  
  Bonavista Petroleum Ltd. 60 75   Petrobank Energy and Resources 17 14  
  BP 200 270   Petro-Canada 1,000 980  
  Burlington Resources 450 740   PetroCorp Inc. 9 10  
  Calpine Natural Gas Co. 180 195   Petrovera Resources 67 87  
  Camberly Energy Ltd. 5 1   Pioneer Natural Resources Co. 25 35  
  Canadian 88 Energy Corp 32 72   Pogo Producing Co. 0 0  
  Canadian Natural Resources Ltd. 467 683   Prairie Pacific Energy Corp. 1 1  
  Canadian Superior Energy 13 13   Prime West 52 86  
  Cavell Energy 13 16   ProMax Energy Inc. 28 36  
  Chesapeake Energy Corp. 0 20   Purcell Energy 21 22  
  ChevronTexaco 380 380   Questar Corp. 6 15  
  Columbia Natural Resources 0 7   Quicksilver Resources Inc. 35 10  
  Compton Petroleum Corp. 70 90   Real Resources 23 26  
  Conoco 390 753   Rio Alto Exploration Ltd. 110 394  
  Del Roca Energy 5 2   Rosetta Exploration 3 4  
  Devon Energy Corp. 460 915   Seneca Resources Corp. 47 48  
  Diaz Resources 5 8   Seventh Energy 4 7  
  Dominion Exploration & Production, Inc. 80 113   Shell Canada Ltd. 320 235  
  Dynamic Oil & Gas Inc. 19 21   Summit Resources 18 35  
  Enerplus Resources Corp. 120 145   Suncor Energy Inc. 47 56  
  EOG Resources Inc. 80 85   Talisman Energy Inc. 558 567  
  Equity Oil Co. 1 1   Thunder Energy Inc. 19 26  
  EXCO Resources Inc. 6 10   Unocal Corp. 110 120  
  ExxonMobil 1,050 1,000   Upton Resources 11 16  
  Forest Oil Corp. 40 72   USX-Marathon Group 50 100  
  Gentry Resources 6 6   Vermillion Resources Ltd. 80 79  
  Globex Resources Co. 3 3   Vintage Petroleum Inc. 111 69  
  Husky Energy Inc. 570 671   Wilshire Oil Co. of Texas 1 1  
  Imperial Oil Ltd. 570 480   Zargon Oil & Gas 19 23  
  Key West Energy 16 32  
 
          Total $11,543 $14,521  
          % Change – 20.5%    
  *Salomon Smith Barney estimate: – is no spending, 0 is some spending, but less than $0.5 million.  
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