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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

Oil sands had an average break-even price of $51.80/bbl bbl between 2017 and 2019, according to BMO. In contrast, a recent Dallas Federal Reserve survey of over 100 oil and gas companies in Texas, New Mexico and Louisiana found that shale oil producers need a WTI oil price of $65 per barrel on average to profitably drill.

Oil
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Alaska’s crude oil production to grow in 2026, first time since 2017, EIA says

BOE Report

Energy Information Administration on Wednesday forecast that Alaska’s annual crude oil production will increase in 2026, a first since 2017 and, if realized, the largest since 2002.

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Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

Oil & Gas 360º

Strathcona would like to thank its entire Montney team, led by President Al Grabas, for their invaluable contributions in growing the Montney business from just 5 Mboe / d in January 2017 to 72 Mboe / d in 2024. Boe may be misleading, particularly if used in isolation. USD-CAD and C$3 / GJ AECO.

BBL