20 Mar 2015 Bitumen is produced from the oil sands in northern Alberta. We define the breakeven price of ongoing production as the price a. 26. 20 Nov 2014 Despite the plunge in prices, the oil sands are a lot better off than you might think. many in situ projects are estimated to break even around these levels. supply cost estimates is the May 2013 Canadian Oil Sands Supply 18 Apr 2017 Energy investors wrote off Canada's tar sands after oil prices Research Institute estimates that the breakeven cost for tar sands in 2017 is 2 Oct 2014 The Canadian tar sands industry has seen better days. The break-even price of tar sands oil is around $100 per barrel if transported by rail, In their 11th annual review of oil sands supply costs, the Canadian Energy Research Institute (CERI) pegs breakeven costs at $43.31/bbl for SAGD projects (steam-assisted gravity drainage) and $70.08/bbl for a stand-alone mine. The figures exclude blending and transportation costs but include cap Likewise, an oil sands mining project without an upgrader required a near-$100 per barrel breakeven price in 2014 compared to around $65 per barrel in 2018. Despite these sizeable cost reductions, the western Canadian oil market continues to move through a period of price uncertainty due to significant delays for advancing pipeline projects Crude price back above break-even for Canada oil sands producers from U.S. refiners, Canadian heavy oil prices have rebounded off first-quarter lows and surpassed the break-even point for most
15 Oct 2019 Canadian Natural Resources Ltd. (TSX:CNQ)(NYSE:CNQ) appears Since 2014, the breakeven price for various oil sands operations has
1 May 2019 Better than expected earnings and higher crude oil prices due to the Trump having break-even prices around US$45/bbl WTI,” says Morningstar equity such as regional oil sands pipelines, U.S. and Canadian natural gas 3 Aug 2018 market price of oil from the project will be less than the breakeven price Canadian oil sands prices are based on WCS, which is priced at a 28 Sep 2017 Energy analysts say a recent surge in oil prices will boost the bottom line of Most current Canadian oilsands operations in northern Alberta are profitable earlier this year, the average break even price will be US$40.70 per demand played a role in the large oil price decline after June 2014 but that a wide variety of firms: oil sands producers in Canada; large, private inter- national oil companies The evolution of break-even costs for US shale oil remains a key .
9 Mar 2020 Canadian oil-sands producers face higher production costs, too. The WTI break-even price for a barrel of oil in North Dakota's Bakken fields
Investment in new oil sands projects fell from $30 billion in 2014 to just $10 billion in 2017, according to a new report from IHS Markit. Some new oil sands mining projects have breakeven prices of $70 per barrel, which is arguably high for even the long run. Steam-assisted gravity drainage (SAGD) projects offer lower costs, but given the The Canadian oil sands are the third-largest oil reserve in the world, but the Canadian Energy Research Institute estimates that the breakeven cost for tar sands in 2017 is $60.52 a barrel. That Alberta oil sands costs are $30-40/b, compared to $50 break even for most US shale producers. The prevailing wisdom in Alberta is that Western Canada is one of the highest cost oil and gas basins in the world. A recent study on Permian Basin break even costs from Drillinginfo suggests the oil sands is more than competitive. “The Permian holds some of the best break even economics in the US, but not all leases and holdings are created equal,” said Bernadette Johnson, VP of market intelligence in a press release. A comparable NYMEX oil price is needed to maintain the projected pace of Canadian oil sands development." MORNINGSTAR INC (Oct. 21, 2014) "Our analysis suggests that the average breakeven for our E&P coverage is $70 per barrel, well below our $90 per barrel marginal cost and below today's $80 per barrel WTI (West Texas Intermediate) oil price." Canadian Oil Sands Supply Costs and Development Projects (2018-2038) xi May 2018 Executive Summary Each year the Canadian Energy Research Institute (CERI) publishes its long-term outlook for Canadian oil sands production and supply in conjunction with an examination of oil sands supply costs. This is the twelfth edition of ERIs oil sands supply
22 May 2019 Once this point of mass EV adoption is reached, oil prices high enough to justify oil sands development would never be seen again. High-Cost
9 Mar 2020 Canadian oil-sands producers face higher production costs, too. The WTI break-even price for a barrel of oil in North Dakota's Bakken fields 24 Feb 2020 Western Canada's oil sands producers exited 2019 amidst continued had a very concrete effect on oil sands development breakeven prices, 26 Feb 2020 Beyond Teck, all the major oilsands players have cancelled projects, Canadian Energy Research Institute (CERI), the break-even price for a from the Canadian oil sands has fallen sharply relative to North American different, estimates from RBC's energy research team suggest the 'break-even' price 9 Mar 2020 'It's a game of survivor': Alberta energy industry braces as oil prices plunge as low as $32 and production companies need WTI prices of US$55 a barrel to break even. “I don't just mean U.S. shale or Canadian oil sands. 1 Jul 2019 Supply cost, sometimes referred to as break-even price, is the constant dollar price needed to recover all capital expenditures, operating costs, 6 Jun 2019 Despite having the highest breakeven price among sources of crude oil, at an average of US$83 per barrel, Canada's oil sands production has
In their May 2019 comparison of the "cost of supply curve the average breakeven price for oil from the oil sands was as Western Canadian Select ( WCS) from the
17 Oct 2017 Canada's oil sands producers are stuck in a rut. The project can break even with U.S. crude prices of at least $53 a barrel, meaning right now 9 Mar 2020 The global oil price war may take a heavy toll on the Canadian energy the benchmark grade produced by Canada's oil sands, was down about 19 need WTI prices of US$55 a barrel to break even, and with prices at their 2 May 2019 The cost of building and operating oilsands projects has fallen dramatically in the last five A SAGD wellpad in northern Alberta. of existing plants, required a more than $65 WTI per barrel crude price to break even in 2014. 9 Mar 2020 Canadian oil-sands producers face higher production costs, too. The WTI break-even price for a barrel of oil in North Dakota's Bakken fields