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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

Exxon-owned Imperial and its competitor Suncor have also switched to autonomous mining vehicles, eliminating the need to hire drivers to transport oil sands ore. bbl between 2017 and 2019, according to BMO. Canadian Natural Resources , for example, at the end of 2024 had proved and probable reserves amounting to 20.1

Oil
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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

Financial Summary The combined company’s production forecast at closing is 370,000 boe/d (63% liquids) and based on commodity prices of US$70 /bbl WTI and C$2.00 /GJ AECO, the forecast annualized funds flow is $3.8 After annual capital investments of $2.6 billion 4 , free funds flow is forecast at $1.2 billion 1.