Remove 2028 Remove Condensate Remove E&A
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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. The good news is that prices for condensate produced by many operators alongside natural gas volumes will likely be quite robust.

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Exploring the Future of Canadian Oil Sands and Montney Plays

Enverus

Explore the impact of increased oil sands production on the Canadian condensate and AECO gas markets. Non-upgraded Canadian oil sands production is expected to rise by around 100 Mbbl/d annually until 2028. This surge will create a significant need for condensate, particularly from the Montney play in Alberta and B.C.

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