In Q2/2024, MEG SPENT $ 412M On DILUENT EXPENSE - on 93,140 bbls/d BITUMEN SALES (91 days)
- ROUGHLY 1/2 comes from TEXAS and the OTHER HALF we BUY from Canadian sources
- LET'S say we SPENT $ 206 million in Q2/2024 on Canadian CONDENSATES to DILUTE our Chistina Lake BITUMEN in order to PIPE OUT the Access Western Blend (AWB) barrels
- in Q2/2024, NVA produced:
* NATURAL GAS: 299,807 Mcfd
* CONDENSATES: 25,761 bbls/d
* NGLs: 7,424 bbls/d
- BY ITSELF, NuVista Energy could SUPPLY 1/2 of the ENTIRE MEG CONDENSATES REQUIREMENTS (INCLUDING 100% DILUENTS from CANADIAN SOURCES)
- the MEG BODs would be NEGLIGENT NOT TO DO a COST/BENEFIT ANALYSIS of INTERNALIZING SOME of the DILUENT NEEDS NOW that they have SUBSTANTIAL FINANCIAL RESOURCES and FLEXIBILITY TO CARRY IT OUT
- remember, DILUENT EXPENSES are BY FAR the LARGEST operating costs at MEG Energy
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