Wednesday, February 25, 2026

Wednesday, February 25, 2026

Locator: 50050B.

Never forget: Hunter Hess. 

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Back to the Bakken

WTI: $65.86.

New wells reporting:

  • Friday, February 27, 2026: 57 for the month, 110 for the quarter, 110 for the year,
    • None.
  • Thursday, February 26, 2026: 57 for the month, 110 for the quarter, 110 for the year, 
    • None.
  • Wednesday, February 25, 2026: 57 for the month, 110 for the quarter, 110 for the year,
    • 41672, conf, Phoenix Operating, Gopher 33-34-35 5H
    • 41671, conf, Phoenix Operating, Gopher 33-34-35 4H, 
    • 41670, conf, Phoenix Operating, Gopher 33-34-35 2H, 
    • 41669, conf, Phoenix Operating, Gopher 33-34-35 1H, 
    • 41571, conf, Phoenix Operating, Gopher 33-34-35 3H, 
    • 41419, conf, Hess, BL-Odegaard-156-95-1621H-10, 
    • 41418, conf, Hess, BL-Odegaard-LW-156-95-1621H-1, 
    • 41417, conf, Hess, BL-Kvam-156-95-1720H-3, 
    • 40966, conf, XTO, HBU Sakakawea Federal 13X-35A, 
    • 40965, conf, XTO, HBU Sakakawea Federal 13X-35G, 

RBN Energy: how Canada became the world's #4 oil producer. Link here. Archived.

Canadian crude oil production has once again reached new highs and is expected to continue growing. But, in an area where steep price discounts have been a frequent problem in the past, and in a world that is seemingly awash in crude at the moment, what does that mean for Canadian crude producers, and how will all this growing supply get to market? In today’s RBN blog, the first of a series, we discuss the ongoing growth of Canadian crude supply.

Canadian crude oil and condensate production has nearly doubled since 2010, making Canada the world’s fourth-largest producer, trailing only the U.S., Russia and Saudi Arabia. In fact, the province of Alberta on its own is the world’s #4 producer. Canadian production saw another year of growth in 2025, with November and December setting new highs at 5.6 MMb/d (total across stacked layers at right end of Figure 1 below). All but 4% of this production (gold layer) came from the Western Canadian Sedimentary Basin (WCSB), where pipeline capacity constraints and steep price discounts have been a frequent problem for producers over the past couple of decades.