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2024 Canadian Oil & Gas Production Snapshot

Oil Gas Leads

The data reflects both oil and gas output, offering a high-level look at market leaders, operational growth, and emerging trends in Canadian upstream development. 580,000 BOE/d Includes 210,000 b/d oil and condensate Tourmaline Oil Corp. 102,012 bbl/d (bitumen) SOR of 2.39 102,012 bbl/d (bitumen) SOR of 2.39

Gas 52
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What Comes After the Permian for IOCs? A Basin of Enormous Value

Rextag

Once considered a mature and declining conventional oil play at the start of the 21st century, the Permian has grown into a global energy giant, second only to Saudi Arabia in crude oil and condensate production. In 2025, crude and condensate output is projected to rise by 200,000 barrels per day (b/d), reaching 6.6 million b/d.

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