Preliminary Estimate for 2017 and Intentions for 2018
Integrated Business Statistics Program (IBSP)
Reporting Guide
This guide is designed to assist you as you complete the Annual Exploration, Development and Capital Expenditures Survey
Petroleum and Natural Gas Industry
Preliminary Estimate for 2017 and Intentions for 2018
Table of contents
Reporting period information
Definition
Reporting period information
For the purpose of this survey, please report information for your 12 month fiscal period for which the final day occurs on or between April 1, 2017 — March 31, 2018.
Here are twelve common fiscal periods that fall within the targeted dates:
- May 1, 2016 to April 30, 2017
- June 1, 2016 to May 31, 2017
- July 1, 2016 to June 30, 2017
- August 1, 2016 to July 31, 2017
- September 1, 2016 to August 31, 2017
- October 1, 2016 to September 30, 2017
- November 1, 2016 to October 31, 2017
- December 1, 2016 to November 30, 2017
- January 1, 2017 to December 31, 2017
- February 1, 2017 to January 31, 2018
- March 1, 2017 to February 28, 2018
- April 1, 2017 to March 31, 2018
Here are other examples of fiscal periods that fall within the required dates:
- September 18, 2016 to September 15, 2017 (e.g., floating year-end)
- June 1, 2017 to December 31, 2017 (e.g., a newly opened business)
Definition
All participants in the Syncrude project should exclude their participation when filing this report. Arrangements have been made to collect data for this project on a consolidated report. When there are partnerships and joint venture activities or projects, report the expenditures reflecting this corporation’s net interest in such projects or ventures. Report all dollar amounts in thousands of Canadian dollars (‘000). Do not include sales tax. Percentages should be rounded to whole numbers. When precise figures are not available, please provide your best estimates. If there are no capital expenditures, please enter ‘0’.
1. Oil and gas rights acquisition and retention costs (exclude inter-company sales or transfers):
Include acquisition costs and fees for oil and gas rights (include bonuses, legal fees and filing fees), and oil and gas retention costs
2. Exploration and evaluation, capitalized or expensed (e.g., leases and licences, seismic, exploration drilling):
These expenditures include mineral rights fees and retention costs, geological, geophysical and seismic expenses, exploration drilling, and other costs incurred during the reporting period in order to determine whether oil or gas reserves exist and can be exploited commercially. Report gross expenditures, before deducting any incentive grants, incurred for oil and gas activities on a contracted basis and/or by your own employees. Exclude the cost of land acquired from other oil and gas companies.
3. Building construction (e.g., process building, office building, camp, storage building, and maintenance garage):
Include capital expenditures on buildings such as office buildings, camps, warehouses, maintenance garages, workshops, and laboratories. Fixtures, facilities and equipment that are integral parts of the building are included.
4. Other construction assets (e.g., development drilling and completions, processing facilities, natural gas plants, upgraders):
Include all infrastructure, other than buildings, such as the cost of well pads, extraction and processing infrastructure and plants, upgrading units, transportation infrastructure, water and sewage infrastructure, tailings, pipelines and wellhead production facilities (pumpjacks, separators, etc). Include all preconstruction planning and design costs such as development drilling, regulatory approvals, environmental assessments, engineering and consulting fees and any materials supplied to construction contractors for installation, as well as site clearance and preparation. Equipment which is installed as an integral or built-in feature of a fixed structure (e.g. casings, tanks, steam generators, pumps, electrical apparatus, separators, flow lines, etc.) should be reported with the construction asset; however, when the equipment is replaced within an existing structure, the replacement cost should be reported in machinery and equipment (sustaining capital).
5. Machinery and equipment purchases (e.g., trucks, shovels, computers, etc.):
Include transportation equipment for people and materials, computers, software, communication equipment, and processing equipment not included in the above categories.