Saskatchewan upstream summary Report

Country Report 30 December 2024

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Report summary

While historically overshadowed by Alberta, Saskatchewan's slice of the prolific Western Canadian Sedimentary Basin has attracted a notable amount of development activity over the years. The province's geology tends to offer more oil-prone plays than its western neighbours, particularly in the form of heavy and tight oil. Parts of the basin are now mature and in decline, the effect of which will be lessened by the implementation of enhanced oil recovery programmes. Ongoing advances ...

Executive summary
Key facts
Location maps
Key companies
Geology
- Introduction
- WCSB Structure and Sedimentation
- WCSB basin
- Source Rocks
  - Ordovician
  - Devonian to Mississippian
  - Jurassic and Triassic
  - Cretaceous
- Conventional Reservoir Rocks, Cap Rocks and Traps
  - Ordovician/Silurian Reservoirs
  - Devonian Reservoirs
  - Carboniferous Reservoirs
  - Permian Reservoirs
  - Triassic Reservoirs
  - Jurassic Reservoirs
  - Lower Cretaceous Reservoirs
  - Middle/Upper Cretaceous Reservoirs
  - 1 more item(s)...
Exploration
- Drilling
  - Drilling activity
- Plains Gas
  - Upper Cretaceous Shallow Gas
  - Lower Cretaceous and Jurassic
  - Triassic to Devonian
- Coalbed Methane (CBM)
- Shale Gas
- Conventional Heavy Oil
  - Alberta Basin
- Williston Basin
- Tight Oil
Reserves and resources
- Reserves Growth and Yet-To-Find Reserves
- Western Canada - Methodology
  - Estimated working interests
  - Sales point and measurement assumptions
  - Infrastructure
  - Production forecast
Production
- Oil/Liquids
  - Historical Background
  - Current Trends and Outlook
  - Historical Background
  - Current Trends and Outlook
Infrastructure
- Oil infrastructure
- Hubs and Storage
- Refineries
- Oil Transmission Pipelines
  - Enbridge Mainline
  - Express Pipeline
  - Rangeland Pipeline
  - Wascana Pipeline
- NGL Transmission Pipelines
- Gathering Systems
- Gas infrastructure
  - Historical Overview
- Transmission Pipelines
- 3 more item(s)...
Costs
- Capital costs
  - Capital expenditure by location
Policy and regulation
- Key legislation
  - Canada
  - Saskatchewan
- Regulatory body
  - Canada
  - Saskatchewan
- Government depletion policy
- Development Approval
- Production Sharing
- Licensing
- Exploration
- Crown Lands
  - Saskatchewan
- 1 more item(s)...
Fiscal terms
- Overview
  - Upstream
  - Mid/Downstream
  - Gas Utilisation
- Current fiscal terms
  - State equity participation
  - Bonuses, rentals and fees
  - Signature bonuses
  - Saskatchewan
  - Area rentals
  - Saskatchewan
  - VAT/Sales Taxes
- Royalty
- Crown Royalties
  - Saskatchewan Crown Royalties
  - Oil
  - Fourth Tier Oil
  - Gas
  - Associated Gas Royalty Rate Formula
  - Additional Fourth Tier oil and gas royalty incentives
  - Freehold Royalties
  - Other Production charges
- Freehold Mineral Tax (FMT)
  - Saskatchewan
  - Domestic Market Obligation (DMO)
  - Product Pricing
- Corporate Income Tax
  - Federal Income Tax
  - Provincial Income Tax
  - Taxable Income
  - Resource Allowance
  - Provincial Royalty Tax Credits
  - Loss Carry Forward/Backward
  - Fiscal/Contractual Ring-Fences
  - Provincial Capital Tax
  - 3 more item(s)...
- Transfer of a licence interest
- Corporate Structures
  - Trusts
  - Flow-through shares