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From Energyminute: Visit their website: HERE
As oil prices collapsed during the pandemic, oil and gas companies looked to merge and consolidate to lower costs.
Consolidation spreads fixed costs across more barrels thus reducing the average cost of production.
In terms of dollars spent, there was roughly 4x as much spent on consolidation in the United States than in Canada.
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COMMENTARY: Taxes and Regulations Will Increase the Cost of Producing New Energy In Alberta, Making it Less Competitive Than the US – Jack Mintz