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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

Energy Oil & Gas Integrated
Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. The Company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Suncor Energy Inc > The Imminent Peak In Permian Oil
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Post by MigraineCallon Aug 01, 2023 4:09am
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Post# 35566266

The Imminent Peak In Permian Oil

The Imminent Peak In Permian Oil“Based on current drilling activity, the average publicly traded Permian company will run out of Tier 1 drilling locations within 3.7 years. We firmly believe that as the market realizes how little Tier 1 acreage remains, those with the best inventory will be treated as valuable assets. If we are correct, the age of shale growth is now behind us, and the reality of Hubbert’s Peak is at hand. The immense growth of the shales over the past decade has blinded many analysts to the declining trends in global conventional production. That luxury is about to end.”
  • The Permian Basin's oil production is set to hit "Hubbert's Peak" late next year, indicating a turning point after which the production will start to decline.
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  • Much of the high-quality acreage in the Permian Basin has already been drilled, contributing to the basin's declining potential and an increasing reliance on less prolific "child" wells.
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