How Canada’s oil sands transformed into one of North America’s lowest-cost plays
Oil & Gas 360º
JULY 16, 2025
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. shale costs up. As the global oil industry enters a downturn due to economic uncertainty related to U.S. tariff threats.
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