Remove BBL Remove Finance Remove Upstream
article thumbnail

Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

Oil & Gas 360º

HRT is directly connected to the Hardisty Diluent Recovery Unit, an innovative facility which separates diluent from raw bitumen prior to rail transportation, allowing for a competitive netback for upstream producers versus pipeline alternatives. Boe may be misleading, particularly if used in isolation. USD-CAD and C$3 / GJ AECO.

BBL 130
article thumbnail

Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and What’s Behind the $105 Billion in Oil Deals?

Rextag

Factors Driving 2024 Prices: Geopolitical tensions in the Middle East and Russia-Ukraine conflict pushed prices above $85/bbl at times. upstream oil and gas sector totaled $105 billion in 2024, making it the third-highest annual total in history. WTI (West Texas Intermediate) Price: Averaged $76 per barrel throughout 2024. production.

Basin 40