Canadian Natural Resources July '13 oil sands field leak continues


The leak at Canadian Natural Resources' (CNQ -0.5%) Primrose field in the Alberta oil sands continues to seep bitumen crude at "a low rate" six months after it started, CNQ CEO Steve Laut says while expecting to halt the leak soon.

The Primrose field was hit by a second incident at the start of this year, when 27K liters of bitumen were accidentally released underground; that release has since been stopped, but ~1M liters of bitumen have leaked since July 2013.

Also, Laut says he expects CNQ to increase production by ~9% in 2014 to 711K-757K boe/day; ~75% of the company's production is oil.

This was corrected on 01/14/2014 at 05:16 PM.
From other sites
Comments (1)
  • oaksleeksbeans
    , contributor
    Comments (162) | Send Message
     
    please just stay away from oil sands
    13 Jan 2014, 10:50 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs