Insight
Webinar: a Canadian update on coronavirus and the oil price crash
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Canadian oil and gas sector has a long history of dealing with price volatility, but this recent downturn is different with a triple blow of low oil prices, falling demand due to coronavirus and egress challenges. The response of regional operators has been quick with an average 32% of capital cut from 2020 guidance and approximately 400 kbd of near-term curtailments announced. However, as supply fills and oversupply lengthens, more cuts will be needed with oil sands the likely target. Liquid-rich plays are also hit hard by the oil price drop, with over 40% of unconventional sub-plays that were previously economic now uneconomic. We outlined which oil sands projects are highest risk to shut in and looked at the impact of a downside drilling scenario to condensate and gas production. Every lever is being pulled as Canadian companies move into survival mode.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Eagle Ford unconventional play
A detailed analysis of the Eagle Ford tight oil unconventional play.
$2,800
Asset Report
Paramount Resources British Columbia
Paramount Resources is a Canadian energy company incorporated in 1978, with properties in Alberta, British Columbia, Saskatchewan and ...
$3,720
