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By Our Readers, For Our Readers – on tariffs, LNG, oilfield services and discovery wells

January 17, 20257:20 AM BOE Report Staff

For those who missed it, we’ve started a new article series.

There is so much quality content being provided on X these days, and going forward, we want to provide our readers with a quick glimpse of some of it. This article series, “By Our Readers, For Our Readers” will shine a light on some of those X posts. Sometimes it might be incredibly knowledgeable insight, perhaps an interesting chart, or sometimes maybe just a funny GIF or meme, this new feature should hopefully provide lots of additional information on Canadian oil gas for our readers that don’t necessarily use X, and maybe some entertainment as well.

Here is this week’s content that really got us thinking…

So you want to tariff Canadian crude do you? Ok, so where will you get your heavy oil supply then? Great chart by Commodity Context’s Rory Johnston.

🇨🇦🛢️⚖️ When discussing the capacity to replace Canadian heavy crude flows, important to remember that there simply aren’t many other sizable heavy flows period—especially if Mexican crude also gets tariffed

PLENTY of medium sours, not many heavies and nothing as big as WCS pic.twitter.com/xBacZyrOTB

— Rory Johnston (@Rory_Johnston) January 16, 2025

Another BCF/d of North American natural gas heading overseas….

Venture Global is ripping along at Plaquemines, with flows cresting 1 Bcf/d today as they gained +162 MMcf/d overnight with LTS Blocks 1-6 online. Also, the FERC just gave them approval to commission LTS Blocks 7-8 with nitrogen (the next step would be to ask for clearance to… pic.twitter.com/UxgLYnkkoK

— Criterion Research (@PipelineFlows) January 14, 2025

Just how quickly could oilfield services respond to demand anyways? Things have changed a lot over the last decade.

Reminder while you stare at this: You are not getting the molecules without the services. pic.twitter.com/V39dfr4Ql3

— Tom MacInnis (@tommacinnis) January 14, 2025

Will the discovery well success be repeatable or will it be a one-hit wonder?

All eyes in the Western Canadian Sedimentary Basin are focused north of Lethbridge as Tuktu Resources $tuk.v acquired 13.5 sections at the Crown land sale on Wednesday for $845K.

Not sure why but their epic ~400 bbl/d Banff discovery well on lands acquired from $TVE was shut in… pic.twitter.com/oUWaxa4214

— Rock Creek Freak (@rockcreekfreak) January 10, 2025

Tuktu Resources

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