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. In contrast, a recent Dallas Federal Reserve survey of over 100 oil and gas companies in Texas, New Mexico and Louisiana found that shale oil producers need a WTI oil price of $65 per barrel on average to profitably drill. Oil sands had an average break-even price of $51.80/bbl
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