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

Oil & Gas 360º

At Kearl, for example, Imperial has reduced expenses related to turnarounds — an industry term for the costly periods of required maintenance that often involve temporarily shutting down production — by CDN$100 million annually since 2021. bbl between 2017 and 2019, according to BMO. Oil sands had an average break-even price of $51.80/bbl

Oil 130
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Geopolitical tensions and oil prices rise due to the Iran-Israel conflict

Enverus

SPR remains ~200 MMbbls below 2021 levels. EIR maintains that softer balances will come 2H25 and that Brent prices will average $65/bbl for the rest of the year.” EIR maintains that the fair value of oil should be in low $80s, if based purely on OECD crude and product stock levels. Furthermore, the market has forgotten the U.S.

Oil 130
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Why $5 Gasoline Looks Inevitable

Energy Central

oil imports in late 2021 – a significant number. Replacing that oil will put additional upward pressure on global oil prices, virtually assuring that oil will exceed $100/bbl if the situation further escalates.” As Russian troops were massing on Ukraine’s border back in February, I wrote Russia Is A Major Supplier Of Oil To The U.S.

BBL 40
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Austin Chalk Makes a Comeback: EOG, SM, Magnolia Lead South Texas' Next Gas Boom

Rextag

Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). SM Energy: Strategic Pivot to Chalk SM Energy began full-scale Austin Chalk development in 2021, targeting oil and liquid-rich gas windows across its 155,000-acre South Texas footprint. Whos Leading the Charge?

Gas 52
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Austin Chalk Makes a Comeback: EOG, SM, Magnolia Lead South Texas' Next Gas Boom

Rextag

Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). SM Energy: Strategic Pivot to Chalk SM Energy began full-scale Austin Chalk development in 2021, targeting oil and liquid-rich gas windows across its 155,000-acre South Texas footprint. Whos Leading the Charge?

Gas 40