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100 Mbbl/d increase in Canadian oil sands sends condensate demand up, AECO gas prices down

Enverus

the largest source of gas in Canada, as well as select midstreamers, the companies that gather and process the gas and liquids, Rix said. Key takeaways from the report: EIR estimates that non-upgraded Canadian oil sands production will rise by around 100 Mbbl/d annually until 2028.

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Exploring the Future of Canadian Oil Sands and Montney Plays

Enverus

Non-upgraded Canadian oil sands production is expected to rise by around 100 Mbbl/d annually until 2028. However, this increased demand for condensate will also have implications for AECO hub gas pricing. As Montney E&Ps pivot towards condensate-directed drilling, they will likely produce large quantities of associated gas.

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