The Canadian Bakken Shale play is the Canadian extension of the highly popular U.S. Bakken Shale of Montana and North Dakota extend into Canada. Targeted for its plentiful oil reserves, the Canadian Bakken play stretches across three Canadian provinces (Alberta, Saskatchewan and British Columbia), making it an ideal target for development due to its immense size. Yet, shale and condensate drillers expect that the wider Canadian light oil discount to be temporary, Tom Whalen, CEO at the Petroleum Services Association of Canada, told Bloomberg. We are involved in seven shale projects in North America. In Canada, we are active in the Duvernay and Wet Montney oil plays in Alberta along with the Montney gas play in British Columbia. In the US, we are active in the Marcellus and Utica gas plays in Appalachia, the Delaware Basin portion of the Permian play and a non-operated position in the Haynesville gas play.

The revolution in U.S. shale oil has battered Canada's energy industry in recent years, ending two decades of rapid expansion and job creation in the nation's vast oil sands. Shale gas in Canada. The inclusion of shale gas with conventional gas reserves has caused a sharp increase in estimated recoverable natural gas in Canada. Until the 1990s success of hydraulic fracturing in the Barnett Shales of north Texas, shale gas was classed as "unconventional reserves" and was considered too expensive to recover. The revolution in U.S. shale oil has battered Canada's energy industry in recent years, ending two decades of rapid expansion and job creation in the nation's vast oilsands. The premier forum for shale gas and tight oil production for Canada. Welcome to the Canadian Shale Production 2020 Exhibition and Conference where leading Exploration & Production companies will meet with service providers in Calgary, Alberta to explore the next generation of new technologies and techniques for use in oil and gas production across the region. CALGARY — The revolution in U.S. shale oil has battered Canada’s energy industry in recent years, ending two decades of rapid expansion and job creation in the nation’s vast oilsands.

18 Nov 2016 Biggest-ever shale oil discovery threatens Canadian oilsands' market share.

6 Apr 2017 In Canada, more than 200,000 wells have been horizontally fracked for shale gas or oil, primarily in the western provinces. It is now estimated that  29 May 2015 A shale oil field in Canada could rival the Bakken in terms of recoverable oil. Here's all you need to know, plus a strong profit play in the shale  2 Mar 2015 A Canadian National Railways train carrying diluted bitumen (dilbit) from the tar sands in Alberta derailed in northern Ontario, with 29 of the 100  1 Dec 2008 Technology firms targeted oil from tar sands in Canada and from shale, a sedimentary rock abundant in the western United States. But in the  7 Nov 2017 Altogether, over the next five years shale producers in the US and Canada American frackers will pump shale oil far more aggressively than  26 Sep 2017 The Duvernay Shale covers nearly 20 per cent of the province, Companies have been drilling the Duvernay for shale gas and oil since 2011, 

The breakeven cost of producing oil from U.S. shale is roughly the same as non-shale, despite the tidal wave of investment into the sector. According to the Federal Reserve Bank of Dallas, the breakeven prices for producing oil in the Delaware Basin is $49 per barrel and $48 per barrel in the Midland Basin, both of which are in the Permian.

27 Feb 2020 An analysis of the top 39 public shale oil companies by Rystad, an energy-data firm, found that cashflow from operations exceeded capital  29 Jan 2018 Toronto - Canada's oil sands were hit hard by the U.S. shale boom and coupled with the drop in crude oil prices that hit the global market several  Tar-sands development is already occurring in some places in the United States — and has taken off big in Alberta, Canada (a country also pondering oil-shale  10 Mar 2020 It's a new world, folks. The Saudis and Russians, who until a few days ago had been trying to prop up crude oil prices through supply  While Canada holds the largest oil resources in North America, challenges still shale, offshore, and more, and the hindrances facing Canada's oil and gas  In Canada, oil shale deposits are reported in every province and territory (2) Currently, the best studied and defined Canadian deposit is the oil shales of the  10 Mar 2020 Already hard-pressed North American shale oil producers are Canada's Cenovus Energy Inc and several smaller oil producers in revisiting 

1 Dec 2008 Technology firms targeted oil from tar sands in Canada and from shale, a sedimentary rock abundant in the western United States. But in the 

11 Jun 2015 Can Canada follow the US shale success now that huge new shale deposits have been found in the remote Northwest Territories? Andrew 

Technically Recoverable Shale Oil and Shale Gas Resources: Canada Independent Statistics & Analysis www.eia.gov U.S. Department of Energy . Washington, DC 20585

1 Dec 2008 Technology firms targeted oil from tar sands in Canada and from shale, a sedimentary rock abundant in the western United States. But in the  7 Nov 2017 Altogether, over the next five years shale producers in the US and Canada American frackers will pump shale oil far more aggressively than  26 Sep 2017 The Duvernay Shale covers nearly 20 per cent of the province, Companies have been drilling the Duvernay for shale gas and oil since 2011, 

We are involved in seven shale projects in North America. In Canada, we are active in the Duvernay and Wet Montney oil plays in Alberta along with the Montney gas play in British Columbia. In the US, we are active in the Marcellus and Utica gas plays in Appalachia, the Delaware Basin portion of the Permian play and a non-operated position in the Haynesville gas play. At Norman Wells in the Northwest Territories, oil was discovered in 1920 which flowed from naturally-fractured shale deposits connected to the underlying conventional oil pool. In Alberta and Saskatchewan, natural gas has been produced from the Second White Speckled Shale for decades.