Remove 2028 Remove Associated Gas Remove Natural Gas
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100 Mbbl/d increase in Canadian oil sands sends condensate demand up, AECO gas prices down

Enverus

The report examines the effects on AECO hub gas pricing, the Canadian benchmark price for natural gas, from what is expected to be exceptional levels of condensate-directed Montney drilling in the coming years. Due to insufficient growth within the highest-yielding condensate regions of the Montney gas play in B.C.

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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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ONEOK’s Expanding Footprint in the Permian Basin

Oil Gas Leads

Natural Gas & NGL Infrastructure Expansion ONEOK is expanding its natural gas and NGL (natural gas liquids) infrastructure in the Permian to capture growing production volumes. This move supports the companys growing gas gathering and processing footprint. Bcf/d in 2025.

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