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Producing oil from "tight" formations through fracking will not be displaced by oil sands production. It's just cheaper to run with much lower upfront cost. Har
by JamesCoyne 3y ago
Producing oil from "tight" formations through fracking will not be displaced by oil sands production. It's just cheaper to run with much lower upfront cost. Hard to find numbers here, but scroll down to figure 5 here https://energynow.ca/2023/02/canadian-upstream-oil-sector-supply-costs-continue-to-decline/ https://energynow.ca/2023/02/canadian-upstream-oil-sector-su...
Also: this page is really interesting generally https://en.wikipedia.org/wiki/Bakken_formation https://en.wikipedia.org/wiki/Bakken_formation