Strength in Numbers

Seven top executives reveal how their companies

survived 2012s volatility and how they plan to thrive in 2013

Page 46

John Wright
President and CEO
PetroBakken Energy
#22 E+P 100

www.albertaoilMAGAZINE.com

Heather Christie-Burns
President and COO
Angle Energy
#50 E+P 100

Ian Dundas
Executive vice-president
and COO
Enerplus Corp.
#17 E+P 100

Information on individual corporate capital expenditures, earnings per share,

and more in our biggest 100 + Energy Service 50 rankings yet

Dale Tremblay
Chairman and CEO
Western Energy
Services
#24 ES 50
Stewart Hanlon
President and CEO
Gibson Energy Inc .
#2 ES 50

Grant McPeak
coo
ClearStream
Energy
#18 ES 50

John Gibson
President and CEO
Tervita Corp.
#1 ES 50

june 2013

revenue

net income

canadian public oil and

gas producers by revenue

Ticker

2012
Revenue
($m)

2012
Rank

2011
Revenue
($m)

2011
rank

Suncor Energy Inc.

Imperial Oil Ltd.
Husky Energy Inc.
Cenovus Energy Inc.
Canadian Natural Resources Ltd.
Syncrude Canada Ltd.
Talisman Energy Inc.
Nexen Inc.
Harvest Operations Corp.
Encana Corp.
Pacific Rubiales Energy Corp.
Canadian Oil Sands Ltd.
Penn West Exploration Ltd.
Crescent Point Energy Corp.
Pengrowth Energy Corporation
ARC Resources Ltd.
Enerplus Corp.
Vermilion Energy Inc.
MEG Energy Corp.
Baytex Energy Corp.
Petrominerales Ltd.
PetroBakken Energy Ltd.
Bonavista Energy Corp.
Gran Tierra Energy Inc.
Parex Resources Inc.
Tourmaline Oil Corp.
Trilogy Energy Corp.
Connacher Oil and Gas Ltd.
Peyto Exploration and Development Corp.
Legacy Oil+Gas Inc.
Bankers Petroleum Ltd.
Crew Energy Inc.
TransGlobe Energy Corp.
Whitecap Resources Inc.
Progress Energy Resources Corp.*
Long Run Exploration Ltd.
Twin Butte Energy Ltd.
Advantage Oil and Gas Ltd.
Birchcliff Energy Ltd.
NuVista Energy Ltd.
Chinook Energy Inc.
Bellatrix Exploration Ltd.
Paramount Resources Ltd.
Pace Oil and Gas Ltd.
Perpetual Energy Inc.
Lone Pine Resources Inc.
Freehold Royalties Ltd.
BlackPearl Resources Inc.
Surge Energy Inc.
Angle Energy Inc.

SU
IMO
HSE
CVE
CNQ
TLM
NXY
HTE
ECA
PRE
COS
PWT
CPG
PGF
ARX
ERF
VET
MEG
BTE
PMG
PBN
BNP
GTE
PXT
TOU
TET
CLL
PEY
LEG
BNK
CR
TGL
WCP
LRE
TBE
AAV
BIR
NVA
CKE
BXE
POU
PCE
PMT
LPR
FRU
PXX
SGY
NGL

38,616
31,040
22,435
16,842
14,589
10,079
7,309
6,711
5,781
5,158
3,883
3,703
2,640
2,227
1,203
1,194
1,189
1,083
1,051
1,025
965
950
708
585
487
412
399
385
381
364
354
327
318
271
253
248
240
235
233
214
182
181
171
165
163
162
162
159
158
143

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
46
48
49
50

38,792
30,138
21,957
15,696
13,792
10,547
8,181
6,464
4,394
8,374
3,344
3,875
3,006
1,816
1,176
1,219
1,091
1,032
1,037
1,097
1,243
1,010
883
590
155
319
342
430
383
301
273
296
244
121
302
126
118
302
235
305
203
168
196
194
226
191
154
134
114
148

1
2
3
4
5
7
8
9
6
11
10
12
13
16
15
17
23
22
18
14
19
24
26
50
33
31
25
30
35
37
36
39
57
29
58
34
40
32
43
47
42
45
41
51
55
52

36

www.albertaoilMAGAZINE.com

FInancials

2012 Net
Income
($m)

2012
Rank

2011 Net
Income
($m)

2011
rank

Earnings
Per Share
(basic)

Capital
Expenditures
($m)

2,783
3,764
2,022
993
1,892
132
333
-720
-2,793
528
981
174
191
13
139
-156
191
53
259
140
-86
64
100
40
17
-12
-84
94
-3
34
22
88
52
-60
-43
32
-89
13
-195
-91
28
-62
153
-46
-275
46
0
-54
-47

2
1
3
5
4
17
8
98
99
7
6
13
11
36
16
93
11
24
10
15
88
22
18
27
35
60
87
19
49
28
33
20
25
83
75
30
89
36
95
90
31
84
14
76
97
26
47
81
77

4,304
3,334
2,224
1,478
2,643
767
697
-105
5
548
1,144
638
201
85
287
109
143
64
217
488
209
137
126
16
44
17
-114
128
19
36
-130
80
26
152
-53
-19
-153
34
-144
-64
-6
-232
17
100
35
55
19
2
-11

1
2
4
5
3
7
8
120
20
10
6
9
15
24
12
23
17
26
13
11
14
18
21
42
28
39
121
19
36
30
123
25
111
16
33
125
31
124
112
77
127
41
119
27
38
47

1.80
4.44
2.06
1.31
1.72
0.12
0.61
-3.79
1.79
2.02
0.37
0.58
0.03
0.47
-0.80
1.94
0.27
2.16
1.51
-0.87
0.37
0.35
0.37
0.10
-0.10
-0.19
0.67
-0.02
0.14
0.18
1.20
0.46
-0.25
-0.47
0.15
-0.53
0.08
-1.93
-0.42
0.26
-0.71
-3.25
-0.31
-3.23
0.71
-0.75
-0.59

6,959
5,475
4,701
3,400
6,104
3,765
3,124
666
3,475
1,511
1,086
1,752
1,509
467
608
865
622
1,599
419
635
957
572
276
340
665
352
37
400
371
223
259
52
484
211
210
148
202
299
117
89
185
624
83
80
188
37
139
209
167

Compiled with the assistance of

oil production
2012 Oil
Production
(bpd)
499,276
250,000
209,200
165,403
451,378
287,643
162,000
163,300
38,930
31,000
86,968
105,680
104,154
89,704
45,250
36,399
40,136
25,270
28,773
46,807
29,134
35,923
27,071
16,527
11,407
6,137
13,468
11,881
4,778
14,160
15,020
14,585
17,496
9,610
6,699
8,576
12,346
1,337
4,991
6,743
4,759
5,717
3,493
6,374
3,448
4,347
5,695
9,304
6,181
6,573

natural gas production

2012
Rank

2011 Oil
Production
(bpd)

1
4
5
6
2
3
8
7
16
19
12
9
10
11
14
17
15
23
21
13
20
18
22
25
33
42
30
32
49
28
26
27
24
34
38
36
31
79
48
37
50
43
57
40
58
53
44
35
41
39

471,588
255,000
211,300
134,239
389,053
288,555
178,000
167,300
38,434
24,000
75,539
106,015
103,208
66,064
34,839
31,654
33,185
22,334
26,605
42,021
38,378
35,156
26,758
16,764
5,345
3,346
8,046
13,806
3,856
10,390
13,051
10,993
12,132
3,588
5,603
3,839
4,669
2,864
4,450
8,180
5,224
4,540
3,833
6,245
2,864
3,745
4,697
7,460
3,604
5,409

2011
rank

2012 Natural
Gas Production
(mmcf/d)

2012
Rank

2011 Natural
Gas Production
(mmcf/d)

1
3
4
7
2
5
6
13
22
10
8
9
11
15
19
18
23
21
12
14
16
20
24
43
57
33
25
52
30
27
29
28
53
38
56
37
49
32
44
47
54
36
72
45
34
41

296
192
554
594
1,220
0
1,582
207
122
2,981
62
0
342
54
243
343
252
75
0
43
0
41
253
4
0
268
120
0
238
14
0
80
0
27
229
28
14
122
107
95
45
66
99
41
100
60
19
0
16
48

8
17
5
4
3
87
2
16
18
1
30
87
7
34
12
6
11
28
87
39
87
40
10
76
87
9
20
87
13
57
87
27
87
48
14
46
57
18
21
24
38
29
23
40
22
32
51
87
54
36

445
254
607
656
1,257
1,491
239
112
3,333
65
359
43
219
311
253
77
49
35
255
4
166
120
190
14
69
12
222
12
18
123
82
104
56
44
82
47
123
78
17
1
14
47

2011
rank
6
10
5
4
3
2
12
21
1
31
75
7
39
15
8
11
26
75
33
75
42
9
75
17
20
65
16
56
75
28
75
57
13
57
18
24
22
32
38
24
36
18
57
75
36

Current
number of
employees
13,932
5,263
5,178
3,248
5,970
5,500
3,087
3,228
539
4,193
24
2,130
599
641
545
738
375
485
251
410
462
350
110
322
153
41
113
130
57
233
89
135
166
119
199
139
233
175
104
44
60
45

IMPERIAL OIL LTD.

15
12
9
6
3
0
Estimate

Final Cost

$7.9 billion $12.9 billion

Imperials initial cost estimates for the Kearl
Oil Sands Project look very little like the final
price tag. In fact, the final price tag is 63 per
cent higher than expected.

SYNCRUDE CANADA LTD.

5% 5%
Mocal

Murphy Oil

7.23%

36.74%

Nexen

Canadian
Oil Sands

9.03%

Sinopec

12%

Suncor

25%

Imperial Oil

Syncrude Canada is the only private company

on the Alberta Oil 100. As a limited partnership,
the company is jointly owned by some of the
largest energy producers in Canada.

22

PETROBAKKEN ENERGY LTD.

Absent from this list is Petrobank Energy and

Resources, which was majority-owned by Petrobakken
and shared its production until last year. Petrobank
became an independent company on October 29, 2012,
and its production is too little to make this list.
Earnings per share figures are as of the companys last
financial year end, except where otherwise noted.
*Results showing up until time of sale
**Results for two quarters of fiscal year
***Results for three quarters of fiscal year
USD currency translated using BOC rate 2012
All B/S numbers translated at 12/31 rate
All I/S and SCF numbers translated at 2012 YE average

june 2013

1.02
0.99

37

revenue

net income

canadian public oil and

gas producers by revenue

Ticker

2012
Revenue
($m)

2012
Rank

2011
Revenue
($m)

Celtic Exploration Ltd.*

Niko Resources Ltd.***
Bonterra Energy Corp.
Zargon Oil and Gas Ltd.
Longview Oil Corp.
Santonia Energy Inc.
NAL Energy Corp.*
Renegade Petroleum Ltd.
Southern Pacific Resources Corp.**
Kulczyk Oil Ventures Inc.
RMP Energy Inc.
Delphi Energy Corp.
Crocotta Energy Inc.
Cequence Energy Ltd.
Parallel Energy Trust
Anderson Energy Ltd.
DeeThree Exploration Ltd.
Canacol Energy Ltd.**
Painted Pony Petroleum Ltd.
Arsenal Energy Inc.
Calvalley Petroleum Inc.
Equal Energy Ltd.
Eagle Energy Trust
AvenEx Energy Corp.*
Pan Orient Energy Corp.
Winstar Resources Ltd.
Compton Petroleum Corp.*
Raging River Exploration Inc.
Second Wave Petroleum Inc.
Epsilon Energy Ltd.
Terra Energy Corp.
TriOil Resources Ltd.
Rock Energy Inc.
Athabasca Oil Corp.
Insignia Energy Ltd.
Artek Exploration Ltd.
Ivanhoe Energy Inc.
Dundee Energy Ltd.
TORC Oil & Gas Ltd.
Sonde Resources Corp.
Exall Energy Corp.
Valeura Energy Inc.
Waldron Energy Corp.
TAG Oil Ltd.***
Sure Energy Inc.
Yoho Resources Inc.
Shoreline Energy Corporation
Questerre Energy Corp.
Argent Energy Trust
Corridor Resources Inc.

CLT
NKO
BNE
ZAR
LNV
STE
RPL
STP
KOV
RMP
DEE
CTA
CQE
PLT
AXL
DTX
CNE
PPY
AEI
CVIA
EQU
EGL
POE
WIX
RRX
SCS
EPS
TT
TOL
RE
ATH
ISN
RTK
IE
DEN
TOG
SOQ
EE
VLE
WDN
TAO
SHR
YO
SEQ
QEC
AET
CDH

138
133
129
128
113
101
101
94
81
80
77
72
72
71
70
70
69
69
68
65
64
61
59
57
52
51
50
45
45
43
41
40
40
38
35
34
32
30
29
26
26
22
22
22
22
21
19
18
17
15

51
52
53
54
55
56
56
58
59
60
61
62
62
64
65
65
67
67
69
70
71
72
73
74
75
76
77
78
78
80
81
82
82
84
85
86
87
88
89
90
90
92
92
92
92
96
97
98
99
100

199
219
145
158
91
185
442
66
78
28
43
106
49
88
37
104
27
90
65
47
45
71
32
78
70
51
142
36
10
60
23
55
26
44
36
37
36
3
35
25
15
29
16
23
26
7
17
23

TOTALS

38

www.albertaoilMAGAZINE.com

191,378

190,510

2011
rank
44
28
49
27
71
90
80
61
76
65
83
63
91
64
72
77
78
56
88
21
70
74
54
85
73
96
75
79
86
82
84
87
93
89
98
92
97

FInancials

2012 Net
Income
($m)

2012
Rank

2011 Net
Income
($m)

2011
rank

Earnings
Per Share
(basic)

Capital
Expenditures
($m)

-13
-214
33
-5
-8
-185
1
-29
11
-79
-8
-58
-5
-18
-70
-31
7
-3
-48
-112
26
62
6
-36
86
5
-91
11
-15
-4
-50
11
-12
260
-18
-2
-14
-17
-19
21
4
-16
-18
6
-7
-9
-3
-19
-6
-48

62
96
29
53
57
94
46
72
38
86
57
82
53
67
85
73
41
49
78
92
32
23
42
74
21
44
90
38
64
52
80
38
60
9
67
48
63
66
70
34
45
65
67
42
56
59
49
70
55
78

-28
-137
44
10
21
-74
-11
-3
15
-16
-75
12
-6
-20
-40
-22
-13
11
7
-3
21
5
-1
-3
24
7
17
-9
19
-7
-15
-7
142
-12
-17
-25
-1
-5
-41
7
-16
-14
5
-1
-6
-13
4
-80

106
22
48
89
69
95
46
75
103
91
88
52
68
35
92
64
70
34
50
40
87
79
94
80
90
96
65
51
93
62
73
-

-0.12
-4.01
1.68
-0.18
-0.18
-1.80
0.01
-0.32
0.03
-0.20
-0.08
-0.43
-0.06
-0.10
-1.46
-0.18
0.11
-0.05
-0.68
0.00
0.27
1.76
0.25
-0.67
1.53
0.13
-3.46
0.10
-0.18
-0.08
-0.49
0.20
-0.31
0.65
-0.30
-0.05
-0.05
-0.10
-0.16
0.34
0.06
-0.32
-0.50
0.09
-0.11
-0.20
-0.59
-0.08
-0.42
-0.54

313
166
102
67
54
64
91
553
331
57
110
84
104
99
219
35
145
39
233
43
7
21
160
25
78
15
126
68
77
5
126
31
1,100
22
60
7
14
135
37
48
31
12
56
27
9
24
42
53
4

9,830

19,284

Compiled with the assistance of

oil production

natural gas production

2012 Oil
Production
(bpd)

2012
Rank

2011 Oil
Production
(bpd)

2011
rank

2012 Natural
Gas Production
(mmcf/d)

2012
Rank

2011 Natural
Gas Production
(mmcf/d)

2011
rank

Current
number of
employees

4,275
1,908
4,511
5,255
4,745
2,019
13,995
3,112
3,639
139
2,315
2,010
2,227
1,134
3,871
2,098
2,739
5,527
1,548
2,773
2,434
5,140
2,493
1,877
1,430
1,107
2,234
2,211
1,619
0
843
1,563
1,836
611
864
1,106
850
748
1,114
756
1,006
63
685
934
728
530
430
580
1,370
7

54
71
52
46
51
69
29
59
56
97
64
70
66
80
55
68
61
45
76
60
63
47
62
72
77
82
65
67
74
100
88
75
73
93
86
83
87
90
81
89
84
98
92
85
91
95
96
94
78
99

3,789
1,930
4,461
5,468
4,690
3,182
13,288
2,393
4,230
55
877
2,538
1,214
1,039
2,355
2,422
698
11,935
1,622
1,824
2,081
5,389
1,376
2,256
2,030
1,207
2,191
1,110
1,169
663
2,294
56
902
997
967
718
94
765
970
59
630
752
611
569
219
491
576
11

55
73
40
26
63
118
-87
61
79
82
65
62
93
35
75
74
70
42
76
67
71
78
69
81
80
94
66
86
83
85
92
90
84
96
97
98
-

89
216
13
17
9
59
84
1
52
15
18
38
28
47
12
24
9
1
30
6
0
29
1
11
0
2
62
0
3
38
25
3
3
6
15
10
0
10
1
10
0
7
11
5
3
10
7
1
7
9

25
15
59
53
67
33
26
82
35
55
52
42
46
37
60
50
67
82
44
73
87
45
82
61
87
81
30
87
77
42
49
77
77
73
55
63
87
63
82
63
87
70
61
75
77
63
70
82
70
67

71
224
11
22
10
69
90
1
221
6
16
38
15
48
7
32
7
16
2
28
17
3
67
3
6
30
4
5
1
15
8
11
12
1
6
12
3
4
11
5
1
6
12

27
14
48
23
73
59
53
41
55
34
61
44
61
75
53
70
75
46
75
51
75
68
30
68
45
65
64
55
60
75
58
57
82
57
65
58
57

60
60
31
22
56
23
28
51
32
25
33
154
58
33
54
128
19
20
16
26
20
22
351
15
13
89
61
30
26
7
14
13
11
14
11
19
22
59
19

3,295,060

3,078,931

12,353

12,882

51

CELTIC EXPLORATION LTD.

3,900 boe
Celtic Exploration is no more. It was
acquired in the fall of 2012 by ExxonMobil
Canada for $3.1 billion. But the Celtic assets

ExxonMobil didnt snap up have been used

to form a new junior Kelt Exploration.
Kelt says it expects to produce 3,700 to 3,900

boe per day in 2013.

60

KULCZYK OIL VENTURES INC.

17.7 mmcf per day

203 boe
Natural gas production

NGL production

Although its based in Calgary, Kulcyzk Oils

operations are in the Ukraine, Syria and
Brunei. In 2012, production from its interest in
five natural gas fields in the Ukraine averaged
3,154 boe per day in natural gas and natural
gas liquids.

73

EAGLE ENERGY TRUST

81%

One of four publicly traded

Canadian-based trusts,
Eagle Energys average oil
production from its assets
in Texas increased by 81 per
cent from 1,376 bpd to
2,493 bpd in 2012.

Earnings per share figures are as of the companys last

financial year end, except where otherwise noted.
*Results showing up until time of sale
**Results for two quarters of fiscal year
***Results for three quarters of fiscal year
USD currency translated using BOC rate 2012
All B/S numbers translated at 12/31 rate
All I/S and SCF numbers translated at 2012 YE average

1.02
0.99

61, 560
june 2013

39

revenue
Energy Service
50 by revenue

Ticker

2012
Revenue
($m)

2012
Rank

2011
Revenue
($m)

Tervita Corp.
Gibson Energy Inc.
Trican Well Service
Ensign Energy Services Inc.
Precision Drilling Corp.
Calfrac Well Services Ltd.
Enerflex Ltd.
ShawCor Ltd.
AltaGas Ltd.
Mullen Group Ltd.
Secure Energy Services Inc.
North American Energy Partners Inc.*
Clean Harbors Canada
Trinidad Drilling Ltd.
Newalta Corp.
Savanna Energy Services Corp.
Horizon North Logistics Inc.
ClearStream Energy Services
Canadian Energy Services and Technology Corp.
Pason Systems Inc.
Canyon Services Group Inc.
Essential Energy Services Ltd.
Tuscany International Drilling Inc.
Western Energy Services Corp.
Total Energy Services Inc.
PHX Energy Services Corp.
Black Diamond Group Ltd.
Akita Drilling Ltd.
Badger Daylighting Ltd.
CanElson Drilling Inc.
Strike Group Inc.
Cathedral Energy Services Ltd.
Strad Energy Services Ltd.
Petrowest Corp.
Tesla Exploration Ltd.
McCoy Corp.
Xtreme Drilling and Coil Services Corp.
Logan International Inc.
ZCL Composites Inc.
Calmena Energy Services Inc.
Bri-Chem Corp.
GASFRAC Energy Services Inc.
Macro Enterprises Inc.
High Arctic Energy Services Inc.
Hyduke Energy Services Inc.
Bonnetts Energy Corp.
IROC Energy Services Corp.
Top-Co Inc.**
Wenzel Downhole Tools
Cordy Oilfield Services Inc.*

GEI
TCW
ESI
PD
CFN
EFX
SCL
ALA
MTL
SES
NOA
CLH
TDG
NAL
SVY
HNL
CEU
PSI
FRC
ESN
TID
WRG
TOT
PHX
BDI
AKT
BAD
CDI
CET
SDY
PRW
TXL
MCB
XDC
LII
ZCL
CEZ
BRY
GFS
MCR
HWO
HYD
BT
ISC
WZL
CKK

5,600
4,913
2,213
2,197
2,000
1,595
1,502
1,483
1,450
1,428
1,029
1,007
914
859
726
669
527
500
471
387
353
349
329
309
308
302
264
240
239
229
207
203
203
197
192
179
174
171
170
164
160
149
148
146
108
103
101
94
87
87

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
32
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
49

5,072
2,310
1,890
1,951
1,537
1,227
1,157
1,271
1,387
551
858
816
818
683
611
403
459
346
372
313
186
263
332
260
242
200
194
185
146
220
188
190
225
154
104
134
127
125
186
161
129
127
85
99
86
72
91
64

TOTALS

40

net income

www.albertaoilMAGAZINE.com

191,378

28,606

2011
rank
1
4
5
8
9
15
12
10
11
13
14
16
17
19
27
20
18
21
23
24
28
26
25
34
30
33
29
31
32
36
39
-

2012 Net
Income
($m)

2012
Rank

2011 Net
Income
($m)

2011
rank

116
53
218
52
96
72
178
120
131
33
-21
161
55
43
37
73
28
40
54
22
-35
45
48
18
47
29
28
47
15
8
5
6
12
-1
30
13
-11
5
-77
19
29
1
12
13
-6
-3

6
12
1
13
7
9
2
5
4
21
44
3
10
18
20
8
26
19
11
27
45
17
14
29
16
24
25
15
30
35
38
36
34
40
22
32
43
37
46
28
23
39
33
31
42
41

-63
339
212
193
187
-7
56
93
119
22
-35
125
76
34
46
45
42
86
95
31
-26
54
69
18
41
23
26
34
28
21
-28
12
15
3
-8
9
-3
6
18
2
13
13
10
-1

40
1
2
3
35
19
34
6
8
15
11
13
7
16
38
10
9
21
14
18
15
36
39
31
23
36
33
25
21
24
25
32

1,856

2,044

Compiled with the assistance of

FInancials
Earnings
Per Share
(basic)

Capital
Expenditures
($m)

Current
number of
employees

1.13
0.37
1.42
0.19
2.19
1.06
2.53
1.07
1.58
0.34
-0.58
1.27
0.46
0.86
0.44
0.67
0.50
0.49
0.89
0.18
-0.10
0.77
1.54
0.63
1.21
1.60
2.41
0.58
0.40
0.20
0.04
0.24
0.44
-0.01
0.91
0.47
-0.04
0.31
-1.23
0.79
0.62
0.03
0.83
0.27
-0.18
-0.04

174
445
868
261
43
74
821
123
202
65
195
186
158
184
139
3
18
60
70
52
37
127
89
51
164
65
54
83
9
31
63
18
15
9
112
11
3
30
3
48
7
20
1
9
37
2
11
21

4,264
2,540
5,829
8,276
6,947
3,700
3,300
6,846
1,542
2,479
775
3,013
4,363
2,846
700
2,783
1,735
2,800
543
800
800
1,140
934
886
790
293
818
1,085
710
632
622
97
568
648
661
835
943
132
260
512
240
348
90
-

PRECISION DRILLING CORP.

$868 MILLION

20

GROWTH

Rigs equipped
with Pason data
gathering devices.

United States

Canada
Ottawa

55%

95%

Australia

BLACK DIAMOND GROUP LTD.

Black Diamond Group got acquisitive

in the land Down Under when it bought interests in Australian Portable Buildings Pty. Ltd.
and Nomad Building Solutions
Ltd. for $49 million in December 2012.

39

56%

93%

Latin
America

$49 MILLION
#

growth over the

last year, making it
the fastest-growing
energy services
company in on
the list.

Pasons market share for electronic drilling recorders

Calgary-based Pason Systems is one

of the leading data-gathering companies
in the world for drilling companies. Last
year, 2,000 rigs were equipped with
Pason data gathering devices.

27

Secure Energy
Services posted
86 per cent revenue

PASON SYSTEMS INC.

2000

SECURE ENERGY SERVICES INC.

86%
REVENUE

Precision Drilling had the largest capital

expenditure budget of any Canadian energy
services company on the list. The company
spent $868 million on 36 newly constructed
rigs last year.

11

ZCL Composites Inc.

$86 MILLION
$24 MILLION

29

BADGER DAYLIGHTING LTD.

$2.41

earnings per
share valuation

Badger Daylighting had the third highest

earnings per share valuation ($2.41)
among all the exploration and producing
companies and energy service companies
on this years 100+50 lists.

2012 net income

2011 net income

ZCL Composites had the strongest growth in

net income percentage wise among energy service companies on the list as its profits
increased by 318 per cent year over year.

Earnings per share figures are as of the companys

last financial year end, except where otherwise noted.
*Shows nine months of results for companies with
year end March 31
**Companys year-end is June 30, 2012.
Private Company- chose not to disclose net income
USD currency translated using BOC rate 2012
All B/S numbers translated at 12/31 rate
All I/S and SCF numbers translated at 2012 YE average

1.02
0.99

80,125
june 2013

41

THE PERFORMERS
TOP OIL
PRODUCERS
Suncor Energy Inc.
Canadian Natural Resources Ltd.
Syncrude Canada Ltd.
Imperial Oil Ltd.
Husky Energy Inc.
Cenovus Energy Inc.
Nexen Inc.
Talisman Energy Inc.
Canadian Oil Sands Ltd.
Penn West Exploration Ltd.

HIGHEST GROWTH IN OIL

PRODUCTION BY
PERCENTAGE
TORC Oil & Gas Ltd.
Athabasca Oil Corp.
DeeThree Exploration Ltd.
Whitecap Resources Inc.
Twin Butte Energy Ltd.
RMP Energy Inc.
Kulczyk Oil Ventures Inc.
Argent Energy Trust
TriOil Resources Ltd.
Long Run Exploration Ltd.

2012
production
(bpd)

2012
Rank

2011
production
(bpd)

2011
Rank

499,276
451,378
287,643
250,000
209,200
165,403
163,300
162,000
105,680
104,154

1
2
3
4
5
6
7
8
9
10

471,588
389,053
288,555
255,000
211,300
134,239
167,300
178,000
106,015
103,208

1
2
3
4
7
6
5
8
9

2012
production
(bpd)

2012
Rank

1,114
611
2,739
9,610
12,346
2,315
139
1,370
1,563
8,576

1
2
3
4
5
6
7
8
9
10

HIGHEST GROWTH IN NATURAL

GAS PRODUCTION BY
2012
production
PERCENTAGE
Epsilon Energy Ltd.
Athabasca Oil Corp.
Arsenal Energy Inc.
Kulczyk Oil Ventures Inc.
Long Run Exploration Ltd.
Whitecap Resources Inc.
Painted Pony Petroleum Ltd.
Crocotta Energy Inc.
Parallel Energy Trust
TAG Oil Ltd.

42

TOP NATURAL
GAS PRODUCERS

(mmcf/d)

2012
Rank

38
6
6
15
28
27
30
28
12
5

1
2
3
4
5
6
7
8
9
10

WWW.ALBERTAOILMAGAZINE.COM

2011
production Percentage
(bpd)
change
94
56
698
3,588
4,669
877
55
576
663
3,839

1085%
991%
292%
168%
164%
164%
153%
138%
136%
123%

2011
production Percentage
(mmcf/d)
change
6
1
2
6
12
12
16
15
7
3

533%
500%
200%
150%
133%
125%
88%
87%
71%
67%

Encana Corp.
Talisman Energy Inc.
Canadian Natural Resources Ltd.
Cenovus Energy Inc.
Husky Energy Inc.
ARC Resources Ltd.
Penn West Exploration Ltd.
Suncor Energy Inc.
Tourmaline Oil Corp.
Bonavista Energy Corp.

HIGHEST GROWTH IN OIL

PRODUCTION
Canadian Natural Resources Ltd.
Cenovus Energy Inc.
Suncor Energy Inc.
Crescent Point Energy Corp.
Pacific Rubiales Energy Corp.
Pengrowth Energy Corp.
Twin Butte Energy Ltd.
Encana Corp.
Enerplus Corp.
Parex Resources Inc.

HIGHEST GROWTH IN
NATURAL GAS
PRODUCTION
Tourmaline Oil Corp.
Talisman Energy Inc.
Peyto Exploration and Dev. Corp.
Epsilon Energy Ltd.
ARC Resources Ltd.
Birchcliff Energy Ltd.
Pengrowth Energy Corp.
Bellatrix Exploration Ltd.
Celtic Exploration Ltd.
Paramount Resources Ltd.

2012
production
(mmcf/d)

2012
Rank

2011
production
(mmcf/d)

2011
Rank

2,981
1,582
1,220
594
554
343
342
296
268
253

1
2
3
4
5
6
7
8
9
10

3,333
1,491
1,257
656
607
311
359
445
166
255

1
2
3
4
5
8
7
6
17
9

2012
production
(bpd)

2012
Rank

2011
production
(bpd)

Difference
(bpd)

451,378
165,403
499,276
89,704
86,968
45,250
12,346
31,000
40,136
11,407

1
2
3
4
5
6
7
8
9
10

389,053
134,239
471,588
66,064
75,539
34,839
4,669
24,000
33,185
5,345

62,325
31,164
27,688
23,640
11,429
10,411
7,677
7,000
6,951
6,062

2012
production
(mmcf/d)

2012
Rank

2011
production
(mmcf/d)

Difference
(mmcf/d)

268
1,582
238
38
343
107
243
66
89
99

1
2
3
4
4
6
7
8
9
10

166
1,491
190
6
311
82
219
44
71
82

102
91
48
32
32
25
24
22
18
17

REVENUE AND INCOME PERFORMERS

HIGHEST
REVENUE

2012
Revenue
($m)

Suncor Energy Inc.

Imperial Oil Ltd.
Husky Energy Inc.
Cenovus Energy Inc.
Canadian Natural Resources Ltd.
Syncrude Canada Ltd.
Talisman Energy Inc.
Nexen Inc.
Harvest Operations Corp.
Tervita Corp.

HIGHEST REVENUE
GROWTH BY
PERCENTAGE
Whitecap Resources Inc.
TORC Oil & Gas Ltd.
Epsilon Energy Ltd.
Parex Resources Inc.
Shoreline Energy Corp.
DeeThree Exploration Ltd.
Twin Butte Energy Ltd.
Long Run Exploration Ltd.
Parallel Energy Trust
Secure Energy Services

HIGHEST NET
INCOME GROWTH
BY PERCENTAGE
Equal Energy Ltd.
Pace Oil and Gas Ltd.
ZCL Composites
Pan Orient Energy Corp.
ShawCor Ltd.
Macro Enterprises
Parex Resources Inc.
Whitecap Resources Inc.
Logan International Inc.
Athabasca Oil Corp.

$38,616
$31,040
$22,435
$16,842
$14,589
$10,079
$7,309
$6,711
$5,781
$5,600

2012
Revenue
($m)

2012
Rank

$271
$29
$43
$487
$19
$69
$240
$248
$70
$1,029

1
2
3
4
5
6
7
8
9
10

2012 Net
Income
($m)

2012
Rank

$62
$153
$13
$86
$178
$19
$40
$52
$30
$260

1
2
3
4
5
6
7
8
8
9

HIGHEST NET
INCOME

2012
Rank

2011
Revenue
($m)

2011
Rank

1
2
3
4
5
6
7
8
9

$38,792
$30,138
$21,957
$15,696
$13,792
$10,547
$8,181
$6,464
$4,394

1
2
3
4
5
7
8
9

10

904%
867%
330%
214%
171%
157%
104%
96%
89%
86%

Imperial Oil Ltd.

ShawCor Ltd.
Badger Daylighting Ltd.
Calfrac Well Services Ltd.
Baytex Energy Corp.
Husky Energy Inc.
Canadian Oil Sands Ltd.
Vermilion Energy Inc.
Suncor Energy Inc.
Pacific Rubiales Energy Corp.

1140%
800%
333%
259%
218%
217%
150%
100%
100%
83%

CORPORATE, ENERGY TRADING AND RENEWABLES

REFINING AND MARKETING

$3,764
$2,783
$2,022
$1,892
$993
$981
$528
$333
$260
$259

Encana Corp.
Pace Oil and Gas Ltd.
Lone Pine Resources Inc.
NuVista Energy Ltd.
Santonia Energy Inc.
Parallel Energy Trust
GASFRAC Energy Services Inc.
PetroBakken Energy Ltd.
Enerplus Corp.
Surge Energy Inc.

OIL SANDS
4,023
3,175

6,015

2012
Rank
1
2
3
4
5
6
7
8
9
10

2011 Net
Income
($m)

2011
Rank

$3,334
$4,304
$2,224
$2,643
$1,478
$1,144
$548
$697
$142
$217

2
1
4
3
5
6
10
8
13

TOP 20 EMPLOYERS
EPS

Ticker

$4.44
$2.53
$2.41
$2.19
$2.16
$2.06
$2.02
$1.94
$1.80
$1.79

IMO
SCL
BAD
CFW
BTE
HSE
COS
VET
SU
PRE

LOWEST EARNINGS
PER SHARE

2011 Net
Income Percentage
growth
($m)
$5
$17
$3
$24
$56
$6
$16
$26
$15
$217

Imperial Oil Ltd.

Suncor Energy Inc.
Husky Energy Inc.
Canadian Natural Resources Ltd.
Cenovus Energy Inc.
Canadian Oil Sands Ltd.
Pacific Rubiales Energy Corp.
Nexen Inc.
Athabasca Oil Corp.
Baytex Energy Corp.

HIGHEST EARNINGS
PER SHARE

2011
Revenue Percentage
growth
($m)
$27
$3
$10
$155
$7
$27
$121
$118
$37
$551

2012 Net
Income
($m)

EPS

Ticker

$(3.79)
$(3.25)
$(3.23)
$(1.93)
$(1.80)
$(1.46)
$(1.23)
$(0.87)
$(0.80)
$(0.75)

ECA
PCE
LPR
NVA
STE
PLT
GFS
PBN
ERF
SGY

#1 - SUNCOR
13,932 EMPLOYEES

719 EXPLORATION AND PRODUCTION

Exploration &
Production
Employees

Energy
Services
Employees

52,184

45,406

LARGEST
EMPLOYERS
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Suncor Energy Inc.

Ensign Energy Services Inc.
Precision Drilling Corp.
ShawCor Ltd.
Canadian Natural Resources Ltd.
Trican Well Service
Syncrude Canada Ltd.
Imperial Oil Ltd.
Husky Energy Inc.
Clean Harbors Canada
Tervita Corp.
Encana Corp.
Calfrac Well Services Ltd.
Enerflex Ltd.
Cenovus Energy Inc.
Nexen Inc.
Talisman Energy Inc.
North American Energy Partners Inc.
Trinidad Drilling Ltd.
ClearStream Energy

13,932
8,276
6,947
6,846
5,970
5,829
5,500
5,263
5,178
4,363
4,264
4,193
3,700
3,300
3,248
3,228
3,087
3,013
2,846
2,800

JUNE 2013

43