Canadian companies dominate the oilsands

Deborah Jaremko


May 31 2019 - Canadian Natural Resources Limited’s announced acquisition of Devon Energy’s oilsands assets continues the “Canadianization” of the massive resource as international-based companies exit the sector. 

The trend was already well underway well before this week’s announcement, but it’s worth taking a look at how ownership of Alberta’s massive resource will sit following the deal’s close, which is expected in June.

We calculated the totals using production and ownership data from the Daily Oil Bulletin’s oilsands database. Note: data from February 2019 was used because it is the most recent available for both mining and in situ projects.