Suncor Energy Inc.'s most recent estimates suggest a break-even WTI price of US$37 per barrel, and the company has cut back its total engineering ... “Replication will be a central focus of the next phase of oilsands growth,” Suncor CEO Steve Williams said at an energy event in New York Wednesday. read more
It depends. Bucket-excavated tar that must be separated from the sand and then replace the sand back in the ground is considerably more costly than SAG-D pumping from an underground well. read more
The 2014 assessment, however, assumed oil wouldn't drop below $75 a barrel. At that price it would be economically viable to ship tar sands by rail if cheaper pipeline transport were not available."Their analysis suggested that at oil prices above $75 a barrel, tar sands expansion could happen with or without pipelines like Keystone XL," Swift said. read more