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

Enverus

We see good and bad news for Canadian gas producers trying to capitalize on increased oil sands production over the next four years, said Trevor Rix, a director at EIR and lead author of the new report. 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

As Montney E&Ps pivot towards condensate-directed drilling, they will likely produce large quantities of associated gas. This could lead to an oversupply of cheap gas, putting downward pressure on AECO hub prices. Figure 2: Canadian bitumen, condensate and associated gas growth projections through 2030.

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A Guide to Enhanced Oil Recovery (EOR)

Drillers

Nitrogen and dry gas a gas that is found without condensates or other liquid hydrocarbonsare commonly used as immiscible gases in gas injection recovery. The most popular gas for gas injection recovery is carbon dioxide. Methane and ethane are commonly used as miscible gases.

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