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Canadas oil and gas sector remained resilient in 2024, with several operators reporting record-breaking production volumes. From majors like Canadian Natural Resources and Ovintiv to rising mid-cap producers, this snapshot highlights average daily production across top-performing companies. 102,012 bbl/d (bitumen) SOR of 2.39
Our shift from cash outflow in 2023 to cash generation in 2024 has been important, and in 2025 we expect the cash generated by the Tawke PSC to continue to cover our costs. Production costs (17.6) (18.0) Production costs (17.6) (18.0) Production costs (17.6) (18.0) Production costs (17.6) (18.0) EBITDAX1 1.1
Im proud to showcase Saturns ongoing operational efficiency with an average 20% well outperformance while our spending remains on budget, providing valuable flexibility in a tumultuous market, and positioning us to reallocate capital as may be needed without impacting our production guidance, said John Jeffrey, Chief Executive Officer of Saturn.
The sale of Double Eagle at about $7 million per undeveloped location topped the previous high-water mark for Permian inventory set by Occidentals purchase of CrownRock in late 2023. Factoring in Diamondbacks purchase, oil-weighted inventory was on track to record its fifth consecutive year of escalating prices.
Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. How will new policies impact production and investment strategies? 2023Production: ~6.0 2024 Production: 6.3 2023Production: ~6.0
The sale of Double Eagle at about $7 million per undeveloped location topped the previous high-water mark for Permian inventory set by Occidentals purchase of CrownRock in late 2023. Factoring in Diamondbacks purchase, oil-weighted inventory was on track to record its fifth consecutive year of escalating prices.
We have sustained our positive momentum into 2025, with year to date gross average production of c.46,400 bbl, with prices stabilising in a range of c.$27-$28/bbl 27-$28/bbl in H2 2024 2025 year to date (to 18 March 2025) gross average production of c.46,400 million in 2024 (2023: $50.1 bbl (2023: $40.9/bbl)
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