MEG’s Christina Lake operation would the largest single oil-producing asset for Strathcona, which had forecast production of about 120,000 barrels a day once its Montney deals close. While oil sands well operations are costly to build, once operating, they can continue producing crude for decades at $15 a barrel or less, without the need to regularly drill new wells, as is the case in shale formations such as the Permian basin of Texas.
