How Canada’s oil sands transformed into one of North America’s lowest-cost plays
Oil & Gas 360º
JULY 16, 2025
bbl between 2017 and 2019, according to BMO. Prices have begun to climb because after years of heavy drilling in the top shale fields, the most productive areas have been exhausted. and $40.85, according to a Bank of Montreal analysis for Reuters. Oil sands had an average break-even price of $51.80/bbl
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