July 11, 2024

Canadian weighted gross revenue per barrel of oil production in 2022, by company.

• The weighted gross revenue 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.

Note: 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.

Note; 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.

See Also:

Royalty Rate by Company 2022
Largest Canadian Publicly Traded Oil and NGL Producers in 2023

References:

 Alberta Oil Sands Royalty Data, 2022
Alberta Oil sands project data, 2022
Alberta Energy Regulator Plants and Facilities, 2023