The last five years have been a hard ride for Canadian oil and gas producers.

Wild price volatility, a pandemic-induced price crash, ongoing market access issues, oil production curtailment, the rise of the ESG movement, and finally a geopolitical crisis are just some of the challenges industry faced. The end result of this period of instability is a reinvigorated industry, ready to take on the world as the commodity cycle turns once again.

The 2022 Top Operators Report examines the 2017-2021 timeframe, identifying key trends that shaped the present energy landscape and what lies ahead for the 62 Canadian headquartered public operators tracked this year. You can download this year's report using the form on the right.

Included in this report:

  • The impact of over $100 billion in M&A activity on Canada’s E&P landscape
  • Operator plans for using recent record levels of free cash flow
  • Growing pressure to manage rising costs for materials and services
  • The challenges presented by ESG expectations and climate change

To sort through these challenges we once again leverage the experience of professional services firm KPMG in Canada to provide insight into what strategies operators could pursue to thrive in the inevitable turbulence ahead. Analysts at Evaluate Energy provide insight on corporate financial reporting, while subsurface experts at geoLOGIC systems ltd. add context into activity trends and technologies to manage costs. We also tap into insights supplied by executives within our Daily Oil Bulletin news coverage.

The Daily Oil Bulletin and KPMG in Canada hope the 2022 Top Operators report provides some context to how the industry has been transformed the last five years and generates conversation on what comes next.