July 11, 2024
Weighted gross revenue per company per barrel of oil production in 2022 ranged from a high of 66 USD/Bbl for Bighorn Energy to a low of 26 USD/Bbl for Sunshine Oil Sands.
Total weighted average revenue for all oil sands production in 2023 was USD 62.20.
Gross revenue per barrel of oil is calculated by Government of Alberta based on total revenue for all company projects divided by total production* for these projects for the corresponding period. Converted from CAD to USD using a 1.3 exchange rate.
Total production is calculated as cleaned crude Bitumen at Royalty Calculation Point (RCP). Cleaned Crude Bitumen Crude bitumen is a bitumen from which impurities have been removed sufficiently to allow it, when blended with diluent, to be transported.
Source: Alberta Oil Sands Royalty Data, 2022