Alberta producers rushed to drill the Clearwater formation, a low-cost conventional oil play, as oil prices surged this spring, according to Bloomberg.
The move reflects a shift away from Canada’s long-cycle oil sands toward projects that can bring new supply online more quickly.
Canada Issues More Oil Drilling Permits as Alberta Targets Clearwater Play
2026-07-06 14:57:06
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Tom Lee：监管变化助以太坊跑赢比特币
