The Canadian petroleum industry 1992 monitoring report: Annual

This report provides financial aspects of activity in the Canadian petroleum and natural gas industry. Data are given in graphic and tabular form on revenues, sources and destinations of funds (including financing, incentives, dividend payments, capital and operational expenditures); on comparisons with other industries; on how revenues are shared between the industry and various levels of government; and on principal trends observed. Highlights of the year include the 1992 budget announcement of the winding up of the Petroleum Monitoring Agency and the recommendation that the monitoring function be transferred to the Department of Energy, Mines and Resources; the opening of the Lloydminster Saskatchewn By-Provincial Upgrader; substantial changes in Alberta's oil and natural gas royalty system; the rescinding of the Oil and Gas Acquisitions Policy which did not allow sale of Canadian controlled oil and gas assets valued in excess of $5 million unless the companies were in financial difficulty; and a measure announced by the federal government designed to stimulate new equity investment in the junior oil and gas sector. A chapter on the financial performance during the first quarter of 1993 is also presented. 27 figs., 22 tabs