February 2003
Supplement

03-02_Outlook_EandP_T2.htm (Feb-2003)

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

 

  2002 – 2003 Canadian E&P expenditures, $ millions*  
  Company 2003 2002  
  Acclaim Energy Trust $10 $39  
  Anadarko Petroleum Corp. 375 367  
  Apache Corp. 345 265  
  Arc Resources 73 66  
  Barnwell of Canada 6 5  
  Baytex Energy 85 85  
  BelAir Energy Corp. 6 7  
  BlackRock Ventures Inc. 19 8  
  Bonavista Petroleum Ltd. 98 75  
  Bonterra Energy 3 5  
  BP 125 125  
  Burlington Resources 505 510  
  Calpine Natural Gas Co. 44 73  
  Camberly Energy Ltd. 8 7  
  Canadian 88 Energy Corp. 50 29  
  Canadian Natural Resources Ltd. 773 628  
  Canadian Superior Energy 40 40  
  Carbon Energy 12 12  
  Cavell Energy 20 20  
  ChevronTexaco 380 380  
  Compton Petroleum Corp. 100 75  
  Connacher Oil & Gas Ltd. 5 3  
  ConocoPhillips 300 350  
  Devon Energy Corp. 500 510  
  Dominion Exploration & Production Inc. 81 95  
  Drilcorp Energy Ltd. 3 0  
  Dynamic Oil & Gas Ltd. 14 14  
  El Paso Energy Corp. 50 120  
  EnCana Corp. 1,772 1,582  
  Enerplus Resources Corp. 90 85  
  EOG Resources Inc. 144 130  
  Equatorial Energy (Resolute Energy) 23 13  
  EXCO Resources Inc. 10 14  
  ExxonMobil 1,250 1,150  
  Forest Oil Corp. 33 33  
  Gentry Resources Co. 7 6  
  Globex Resources Co. 4 3  
  Husky Energy Inc. 1,040 991  
  Imperial Oil Ltd. 600 600  
  J.M. Huber 5 1  
  Key West Energy 48 29  
  Lario Oil & Gas Co. 2 2  
  Lexxor Energy Inc. 20 18  
  Marathon Oil Corp.  80 60  
  Murphy Oil Corp. 236 221  
  Nexen Inc. 354 308  
  Niko Resources 60 45  
  Norsk Hydro ASA 72 65  
  NYCAN Energy 9 7  
  Olympia Energy Inc. 20 20  
  Osprey Energy Ltd. 2    --  
  Paramount Resources Ltd. 96 192  
  Penn West Petroleum Ltd. 310 215  
  Petrobank Energy and Resources 15 21  
  Petro-Canada 555 539  
  PetroCorp Inc. 7 7  
  Petrovera Resources 70 70  
  Pioneer Natural Resources Co. 25 25  
  Prime West 49 49  
  ProMax Energy Inc. 40 14  
  Purcell Energy 23 24  
  Questar Corp.  -- 4  
  Quicksilver Resources Inc. 14 15  
  Raven Energy Ltd. 4 4  
  Real Resources  28 33  
  Rocky Mountain Energy Corp. 8 10  
  Rosetta Exploration 5 3  
  Seneca Resources Corp. 38 25  
  Seventh Energy 4 4  
  Shell Canada Ltd. 310 295  
  Suncor Energy Inc. 80 70  
  Surge Petroleum 2 2  
  Talisman Energy Inc. 570 560  
  Terraquest Energy Corp. 9 5  
  Thunder Energy Inc. 32 22  
  Tom Brown Inc. 15 12  
  TriQuest Energy 16 16  
  Unocal Corp. 86 119  
  Upton Resources 17 18  
  Vintage Petroleum Inc. 50 59  
  Zargon Oil & Gas 19 18  

  Total $12,408 $11,744  
  % Change 5.7%    
  *Salomon Smith Barney estimate: – is no spending; 0 is some spending, but less than $0.5 million  
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