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

Enverus

The bad news for dry gas producers is that a pivot toward condensate-directed drilling risks flooding the natural gas market with an oversupply of cheap gas. the largest source of gas in Canada, as well as select midstreamers, the companies that gather and process the gas and liquids, Rix said.

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Exploring the Future of Canadian Oil Sands and Montney Plays

Enverus

Dane Gregoris, Managing Director, EIR Impact of Increased Oil Sands Production on Condensate Demand and AECO Hub Gas Pricing The increase in oil sands production is set to drive substantial demand for in-basin condensate volumes, which are essential for diluting bitumen for pipeline transportation.

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