Although well developed new plays are being matured. Consequently, there remains significant opportunities for upside, as well as redevelopment of the existing fields. However, this is more than offset by the pervading political environment in Canada, which is a significant headwind, hence Outlook Negative
April 17, 2023
Americas - North
The Alberta Basin, along with the Williston Basin, forms the majority of the Western Canada Sedimentary Basin. It is a simple north-east tapering wedge of sedimentary rocks more than 6km thick. It extends south-west from the Canadian Shield into the Cordilleran foreland thrust belt. Its internal structure and the lateral foreland basin that was superimposed on a cratonic platform and continental terrace wedge.
The Basin is well developed, and significant infrastructure in place lowers the commerciality threshold. However, pipeline constraints have had a significant impact on the local pricing, with recent historic discounts to WTI being experienced.
Source: ESRI, BGS, USGS & OGA data
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